The document summarizes a workshop on finance for startups presented by Martin van Wunnik and Xavier Corman. The workshop covers why entrepreneurs should create a company, how to legally establish a company, and potential consequences. It addresses topics such as limiting liabilities, tax rates, funding options, shareholder control, financing options including bank loans, and accounting requirements. The presentation aims to help entrepreneurs understand the company setup process and financial implications of starting a business.
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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Notas do Editor
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 ?