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You can also consider setting up a single proprietorship or an unlimited partnership for the time being. That's a lot cheaper in Holland, and I imagine also in
by weel 19y ago
You can also consider setting up a single proprietorship or an unlimited partnership for the time being. That's a lot cheaper in Holland, and I imagine also in most European countries. The only big problem is that you cannot borrow money without being personally liable, and you cannot sell shares, but if you just need a "business" for the time being for tax purposes and to order stuff from places that will only sell to businesses (more common in Europe than in the US), it will do fine. In fact, I once set up a single proprietorship for the sole purpose of being able to buy food for cheap at a restaurant supply store, and it cost me about half of the Oregon LLC referred to earlier, and was done in a half an hour at the Chamber of Commerce, without lawyers involved.