Partnership

Since the law, since of 1 October 2012, does not any longer entail the obligation that the founder of a limited liability company (LLC) has to contribute 18.000 euros as start-up capital, it has become easier for entrepreneurs to found a LLC.

Personal liability

Although a LLC has advantages for entrepreneurs in certain aspects, including liability law, the majority of entrepreneurs still stick to a sole proprietorship or to a partnership. The latter is mostly used out of habit or because of fiscal technical reasons.
When choosing a partnership it is a matter of balancing the exclusion of risks of personal liability against fiscal motives.

The various partnerships

Partnerships can be divided in the following forms:

1. The partnership
2. General partnership
3. Limited partnership

A closer explanation of the contracts, the differences, the powers and the liability regimes can be found here:

• The contracts between partners
• The delineation
• The differences in powers
• The different liability regimes

Our services

We advise you with pleasure on the correct legal form which fits you the best. We can also determine the most ideal cooperation form in a tailor-made agreement. Call us for a noncommittal dialogue.