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.
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.
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.