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Minimum share capital with two shareholders in a BVBA is €6200, i.e €3100 each. Nothing wrong with setting up an entity, but at the same time, there are alterna

Minimum share capital with two shareholders in a BVBA is €6200, i.e €3100 each. Nothing wrong with setting up an entity, but at the same time, there are alternatives in Belgium (e.g. a VOF), if you're strapped for cash. You could set up a "joint ownership" document for the IP rights, which won't be worth much, but better than nothing. This said, I would focus on getting customers first. Face it, if this is your first product, you'll probably fail. It's a cycle everyone goes through. :-)

showsover 12y ago
Thanks! I thought that a BVBA would only need €6200 min., and it's nice to see somebody else thinking the same. I'll check with a bookkeeper just the same though :) A VOF seems dangerous to me because of the unlimited liability. > I would focus on getting customers first That's my idea, but how do you get customers without being able to charge them? (AFAIK you can't charge customers without being a company) >if this is your first product, you'll probably fail. It is! And I told him as well that 90-95% of the startups just fail in their first year, to make him realise the chances of succeeding. But thanks for your info as well.
- charlesdm 12y ago
  It's €6200 if you're two shareholders, and €12400 when you're a single shareholder. Don't ask me where the logic lies in that. You'll still have an obligation to pay the full €18600, should you go bankrupt, don't forget that! There are also specific things, such as extended director liabilities, in the first 3 years after incorporation. Something else to do would be to build a piece of IP, and then make a contribution in kind to the company during incorporation. This is also allowed. That way, you won't have to contribute cash. If you have software that is worth €20k (using some valuation), then that can be contributed to the company as capital. But you'll still have to pay the notary fees (€1000-€1500), plus for the valuation report (€800-1000) of the IP. You might also have to pay capital gains tax on the increase in value of the IP, which probably will be 7.5% on €20k, or €1500. Contributing cash is better if you can, though, in this case. Best of luck !

showsover 12y ago

Thanks! I thought that a BVBA would only need €6200 min., and it's nice to see somebody else thinking the same. I'll check with a bookkeeper just the same though :) A VOF seems dangerous to me because of the unlimited liability. > I would focus on getting customers first That's my idea, but how do you get customers without being able to charge them? (AFAIK you can't charge customers without being a company) >if this is your first product, you'll probably fail. It is! And I told him as well that 90-95% of the startups just fail in their first year, to make him realise the chances of succeeding. But thanks for your info as well.

charlesdm 12y ago
It's €6200 if you're two shareholders, and €12400 when you're a single shareholder. Don't ask me where the logic lies in that. You'll still have an obligation to pay the full €18600, should you go bankrupt, don't forget that! There are also specific things, such as extended director liabilities, in the first 3 years after incorporation. Something else to do would be to build a piece of IP, and then make a contribution in kind to the company during incorporation. This is also allowed. That way, you won't have to contribute cash. If you have software that is worth €20k (using some valuation), then that can be contributed to the company as capital. But you'll still have to pay the notary fees (€1000-€1500), plus for the valuation report (€800-1000) of the IP. You might also have to pay capital gains tax on the increase in value of the IP, which probably will be 7.5% on €20k, or €1500. Contributing cash is better if you can, though, in this case. Best of luck !