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Changing from a Freelancer to a Company (sprl or BVBA)

Question

I have been working as a freelancer and now thinking of changing to a BVBA(sprl). I discussed this with CA and he mentioned that he will charge 1000 euros (+ VAT extra) to open the company and an additional 250 euros to deregister me as a Freelancer.

Does anyone have similar experience? Is the fees of a CA so much for such activities?

xl

Did that switch beginning 1/1/2016 in Brussels.
General rule thumb that you need over 60,000 EUR / annual turnover before tax; otherwise it does not make any sense tax + social security .. wise! Under that turnover stick with your current status.
Best date to do register would be also 1/1/20xx or 1. of a new trimester.

Re to the (taxable) expenses, paid in January 2016:
- 18.600 EUR start capital; - 2 x 82,50 EUR @ GEA guichet to close my former status and to open the new entity (e.g. different TVA/BTW numbers); 1.750 EUR for the notaire (legal contract, T&C etc.) and over 600 EUR to my accountant for closing A and starting B (and his fees are for BXL standards very good). There is also a federal company fee (cotisatoin societaire) of 350 EUR.
Needed also a new bank account (and lots of paper work) for the new legal entity and had to keep my old business bank account open until an outstanding TVA/BTW refund arrived (it just arrived in 8/16 ...a friend of mine waited for 1.5 years).
I do my all my filing + book keeping myself - so my accountant just does the quarterly TVA report and the annual tax matters, but to fiscal obligations I cannot command his invoices doubled in the past trimesters.

Sep 29, 2016 19:45
xl

Part Two:
the easiest 'change' was just with the mutualité, just a copy of the notaire's acte / a copy of the GEA registration for a status change.

Good luck - as there are from time to time free 'starters seminars' offered also this website, go for one before doing any decision. xl

Sep 29, 2016 19:48
J

That's cheap. Be suspicious.

Sep 29, 2016 21:31
Varun

Hi "XL" thanks for the detailed reply.

The switch has to still happen. BTW I forgot to mention that the notary charges are on top of the prices that CA has quoted.

Also I will definitely enroll for the next "starters seminar"

Sep 30, 2016 15:23