Hello, I run a food centered collective with 4 other female friends https://www.instagram.com/titsout4snacks/?hl=en. Our aim is to curate our events (dining experiences) but also to cater other people's events. Four of the five people are registered as freelancers as we have all a KVK number, but one of us does not and is thinking of leaving the country in March (2024). I am wondering what legal structure would make the most sense for us - our profit is definitely below 150k as we are just starting out.
I was indecisive between public (or closed?) partnership and cooperative. I wanted to understand what are the benefits and disadvantages of each legal structure.
And I was even wondering if it would make more sense to register as a foundation & go to not-for-profit route?
I also read about the SME profit exemption, and I was wondering how to be eligible for it and what the process looks like.
I also read that we would need one of us to register as a UBO - what does this mean? And what does it entail?
In terms of registering as a cooperative- there are differnt types of liability structures and I'm wondering what are the different adv / disadv of each structure.
I am sorry if all these questions are too simple but I'm just very overwhelmed by all the websites and I also don't speak Dutch. I appreciate all the help I can get!
Thank you