MKB Juristen drafts custom legal documents
It is best not to cobble together or copy important contracts, terms and conditions, and other legal documents yourself. We help entrepreneurs on a budget with customized legal solutions, clear costs upfront, and practical explanations.
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The end of the year is the perfect time to get your business in order legally and fiscally. With a few targeted year-end tips — from considering a limited liability company structure to reviewing your contracts and administration — you start the new year without loose ends.
Consider your business structure
The turn of the year is a logical time to reconsider your legal structure. If your sole proprietorship is growing, a BV (private limited company) structure can offer tax and liability benefits. Have calculations done to determine whether the switch is worthwhile for you; the optimal form depends on your profit, risk, and plans.
Check your contracts and terms and conditions
Review your most important contracts and terms and conditions: are they still up-to-date and do they align with changed legislation? Pay attention to notice periods and tacit renewals that come into play around the turn of the year, so that you are not unintentionally tied to a contract.
Get your records in order
Ensure that your records are complete, outstanding invoices have been followed up, and your obligations (such as filing) have been met. Proper records prevent problems with the Tax Authorities and are also important for your liability as a director.
Anticipate new rules
As of January 1, various matters often change regarding tax and legal matters. Determine which changes affect you—regarding taxes, employment conditions, or industry-specific rules—and adjust your policies and contracts where necessary. (Coordinate tax choices with your accountant or tax advisor.)
Frequently Asked Questions
Is the end of the year a good time to switch to a BV?
Often yes: around the turn of the year, you can reconsider the structure. Have calculations done to determine whether the switch is worthwhile, taking into account your profit and risk.
What should I look out for regarding my contracts?
On current events, notice periods, and tacit renewals relevant around the turn of the year.
Why is my record-keeping so important?
Complete record-keeping prevents problems with the tax authorities and is important for your directors' liability.
Wrap up the year on a sound legal footing?
Our legal experts review your terms and conditions and advise on your structure. View our corporate lawteam or schedule a free consultation.
