Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
Workshop: Setup company
1. Finance for Startups workshop
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
Martin van Wunnik
Xavier Corman
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3. Creativity
level
Finance & Accounting
level
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4. Creating your company
• Company Setup
– Why?
– How?
– What (results) ?
• Group session
• Pizza + individual Q&A
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5. Who are we ?
Martin van Wunnik
Xavier Corman
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6. This presentation is available for free:
http://www.slideshare.net/xaviercorman
http://www.slideshare.net/FinanceCoach24
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7. Why should you create a company?
Limit your liabilities !
Professional business touch
Fiscal : tax rate 34% (24% for 3y)
Funding or grants requests
Succession ...
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8. Why should you create a company?
Formalities & some costs
(bank, notary, KBO/CBE, social secretary)
Double entry accounting accountant
Revisor for in-natura contributions
Cheat ? 309%
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9. Minimum capital
Legal
BVBA-SPRL (min.1)
CVBA-SCRL (flexible)
18.550 EUR 6.200 EUR
(or 12.400 EUR)
SA-NV (min.2):
61.500 EUR
REAL minimum = Business required !
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10. Shareholders Control (>51%)
Absolute / Relative majority
40% - 60%
40% - 10% - 10% -10% -10% -10% -10%
Voting Rights
Class A & B
Minority (blocking) interest
Investors per phase (dilution)!
Stock options:
fiscal implications, buyer required
vesting conditions : targets, period (4y)
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11. How to finance your start-up ?
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12. How should you do it?
Bank
Deposit capital on blocked account
Notary
Statutes: who, why, how, what, where + financial plan
registration + publication
Guichet/Loket
KBO/BCE (knowledge)
Business number (i.e. TVA n° BTW – quarterly/monthly)
Social secretary
Own salary Gérant/Zaakvoerder
Get an Accountant !
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13. What could the consequences be?
Hats/Personalities
Multiple “Clones” of YOU
Dividend
Profit distribution to shareholders
% ownership
Remuneration
Free & Creative!
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14. Hats/Personalities
Founders:
3 years responsibility
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15. 5 questions for an accountant?
Also my tax aspects ?
Urgent questions ?
Quarterly reporting ?
(on-line access to books)
Overview lists (e.g. petty cash) ?
Pricing ?
Own network
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16. Free & Creative!
Statutes
Business-related costs & investments
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17. Questions & Answers
Free download:
http://www.slideshare.net/XavierCorman
http://www.slideshare.net/FinanceCoach24
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Hinweis der Redaktion
Introduction1 : 00:00-00:05 – Martin + Ramon
Introduction1 : 00:00-00:05 - Martin
Introduction1 : 00:00-00:05 – Martin NEXT : XAVIER
Introduction2 : 00:05-00:10 - Xavier
Introduction2 : 00:05-00:10 - Xavier NEXT: MARTIN
Company setup : 00:10-00:25 - Martin
Company setup : 00:10-00:25 - Martin
Company setup : 00:10-00:25 - Martin Who has already created his company ? Who is not in sprl/bvba ?
Company setup : 00:10-00:25 - Martin
Funding : 00:55-01:10 - Martin Friends Family and Fools Next: LEO
Company setup : 00:10-00:25 - Martin Who has already created his company ? Who is not in sprl/bvba ?
Company setup : 00:10-00:25 - Martin Who has already created his company ? Who is not in sprl/bvba ?
Company setup : 00:10-00:25 - Martin Next: Xavier
Company setup : 00:10-00:25 - Martin Who has already created his company ? Who is not in sprl/bvba ?