The advantages of a BV explained
A BV is a legal entity where the capital is divided into shares. The biggest advantage is limited liability. You are generally not personally liable for business debts with your private assets. Additionally, there is the tax benefit. Once you start making a profit, it is often more tax-efficient than a sole proprietorship. Nowadays, many entrepreneurs choose a modern route. Instead of separate agreements with banks and notaries, you can set up a BV online and arrange your business account at the same time. 
Start with a good foundation
Before you pop the champagne, there are a few things to arrange. Everything starts with a clear plan and the right legal foundation. Normally, you go to the notary for the articles of association. These are the rules of your company in which you specify who is in charge and how the shares are distributed. The difference between traditional providers and modern alternatives like Qonto lies in the speed. While you often wait weeks for a business account at a traditional bank, Qonto integrates this process. You go through the digital onboarding in just a few minutes, without paperwork. This makes setting up a BV much less cumbersome.
Step by step to starting a business
Do you really want to make progress? Then the digital route is the best choice. Through Qonto's website, you can register your business in a few clear steps. First, you can easily open a business account online, so you immediately lay a solid financial foundation for your business. Then you deposit the start-up capital into this account. Qonto works with specialized partners to complete the notarial deed and the Chamber of Commerce registration. The process of opening a business account is quick and fully digital, so you don't experience unnecessary delays. Thanks to the transparent rates and the connection with your accounting package, you maintain immediate insight into your expenses and income from day one. This way, you can quickly set up your BV while having all your banking affairs in order.
What is a BV holding?
Many savvy entrepreneurs opt for a holding structure right away. This means that you set up two BVs: a holding of which you are the owner, and an operational BV that does the actual work. The big advantage is that you can safely park profits at the top of the holding, out of reach of risks in the operating company. Also, setting up a BV holding online is easily arranged through Qonto. You can easily open an account for both entities and manage everything from one clear dashboard.
