Netherlands
- Stichting: ≈ foundation. Can run a business. No profit distribution to founders or board members.
- mutual societies (associations which are allowed to pay dividends to their members; liability may be unlimited (W.A. - Wettelijke Aansprakelijkheid), limited (B.A. - Beperkte Aansprakelijkheid) or exempt (U.A. - Uitsluiting van Aansprakelijkheid)):
- Coöperatie: ≈ co-operative society
- Onderlinge waarborgmaatschappij: ≈ mutual insurance company
- Mts (Maatschap): ≈ group practice (of professionals, e.g. doctors, accountants, lawyers); share facilities not profits, members are treated as natural persons for tax and liability purposes.
- Eenmanszaak: ≈ sole trader (UK), sole proprietorship (US)
- incorporated entities:
- V.O.F. (Vennootschap onder firma): ≈ GP
- C.V. (Commanditaire vennootschap): ≈ LP
- B.V. (Besloten vennootschap): ≈ Ltd. (UK), LLC (US). The name means "closed company". Minimum issued share capital upon incorporation: €18,000. Shares are privately registered and not freely transferable.
- N.V. (Naamloze vennootschap): ≈ plc (UK), Corp. (US). Literally, "nameless company". Minimum issued share capital upon incorporation: €45,000.
Companies are registered on the Companies Register and with a regional Chamber of Commerce.
Read more about this topic: Types Of Business Entity
Famous quotes containing the word netherlands:
“Greece is a sort of American vassal; the Netherlands is the country of American bases that grow like tulip bulbs; Cuba is the main sugar plantation of the American monopolies; Turkey is prepared to kow-tow before any United States pro-consul and Canada is the boring second fiddle in the American symphony.”
—Andrei Andreyevich Gromyko (1909–1989)