{"id":93148,"date":"2024-09-17T11:55:59","date_gmt":"2024-09-17T09:55:59","guid":{"rendered":"https:\/\/dexxter.be\/5-differences-sole-proprietorship-vs-corporation\/"},"modified":"2026-05-15T13:15:15","modified_gmt":"2026-05-15T11:15:15","slug":"5-differences-sole-proprietorship-vs-corporation","status":"publish","type":"post","link":"https:\/\/dexxter.be\/en\/blog\/5-differences-sole-proprietorship-vs-corporation\/","title":{"rendered":"The 5 major differences: sole proprietorship vs. corporation"},"content":{"rendered":"\n

If you want to become self-employed, you must first carefully determine your form of enterprise. Both self-employed people in a main or secondary occupation can opt for a sole proprietorship or a company. We explain the differences here so that you can choose the form of enterprise that best suits you and your self-employed activity right from the start.<\/strong><\/p>\n\n\n\n

There are differences in several areas:<\/strong><\/p>\n\n\n\n

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  1. Establishment<\/strong><\/li>\n\n\n\n
  2. Liability<\/strong><\/li>\n\n\n\n
  3. Discontinuation<\/strong><\/li>\n\n\n\n
  4. Accounting obligations and costs<\/strong><\/li>\n\n\n\n
  5. Number of persons<\/strong><\/li>\n<\/ol>\n\n\n\n

    Difference 1:\u00a0Establishment of a sole proprietorship vs. a corporation<\/strong><\/p>\n\n\n\n

    If you want to start a corporation<\/strong>, you need to get a lot of things in order. Among other requirements, you have to draw up a financial plan, determine the articles of association, draw up and register a deed of incorporation, and create a share register.<\/p>\n\n\n\n

    For all these things you need an accountant and (usually) a notary, which immediately raises the cost price. Thus you may quickly expect to pay \u20ac2,500. All these intermediate steps will take 3 to 4 weeks before you can actually start doing business.<\/p>\n\n\n