Lots of business owners choose the legal type of a general partnership when they want to begin a company. The general partnership is fairly simple to begin, has a great deal of liberty to make mutual arrangements and has more tax facilities than, for instance, a PLC. On the other hand, the partners are each fully responsible for the financial obligations of the partnership.

The delight and enthusiasm at the start of the partnership often make partners begin a company together. Not desiring to be impeded by too many obstacles of a legal nature. Not taking notice of mistakes. Without effectively understanding the legal repercussions. The enthusiasm exists, so a quick start can be made.

Not infrequently, there is currently work or an assignment, a client, that presents itself. This is before considering the legal kind that the cooperation can take. Frequently there is a department of labor. One is stronger in one location, the other in another. The partners complement each other and therefore develop an effective company. Each thinks the other will work just as tough and try just as difficult.

Kan een natuurlijk persoon een rechtspersoon zijn?

What if one thinks the other is doing too little? What if one has tax financial obligations? What if one of you gets separated, does that bother the other?

Kan een natuurlijk persoon een rechtspersoon zijn?

man vrouw firma

Typical is a quarrel between the partners, that a partner is personally declared bankrupt or that the general partnership is continued in another legal kind. In any case it is a good idea to make arrangements about this in a general partnership agreement.

Vennootschap onder firma oprichten

The law stipulates a number of situations in which a general partnership ends. If one of these circumstances takes place, the general partnership will end automatically. This can just be avoided by making contracts about this in a general partnership agreement.

A general partnership ends by:

- expiration of the period for which the general partnership was concluded.
- The destruction of an asset or the completion of the act which is the subject of the general partnership.
- Termination of a partner to the other partners.
- Death, guardianship or personal bankruptcy of among the partners.

Vof-contract opstellen

Vof-contract opstellen

If a ground for dissolution, as described above, develops and there is no extension, the general partnership is dissolved. , if a general partnership is dissolved it does not right away stop to exist.. However, at that minute the obligation of the partners to work together to attain the initial purpose of the general partnership ends. Rather, the function of the business ends up being the liquidation of its properties. The general partnership continues to exist with this function up until the liquidation is completed. Thus, the partners are henceforth bound to that purpose.

Vof overeenkomst kvk

Lots of entrepreneurs choose the legal form of a general partnership when they want to start a service. The general partnership is relatively easy to start, has a lot of liberty to make mutual contracts and has more tax centers than, for example, a PLC. Common is a quarrel between the partners, that a partner is personally stated insolvent or that the general partnership is continued in another legal type. If one of these situations occurs, the general partnership will end immediately. At that moment the commitment of the partners to work together to attain the initial purpose of the general partnership ends.