Non-stock Corporation

Understand the definition of a non-stock corporation in Belgium...

A non-stock corporation (Maatschap/Société de Droit Commun) has no legal personality and is therefore transparent for tax purposes. There must be at least two shareholders who are each liable for the company's debts without limitation. They have trader status if the objects are commercial, and the company's bankruptcy may result in that of the shareholders.

Non-stock corporations often have objects relating to civil society. This form is used for operations such as managing a portfolio of property assets, cash asset management and managing a family fortune.

Prepared using information supplied by ING Bank SA/NV www.ing.be