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Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid

English translation: SIngle Member Limited Liability Company (SMLLC)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid (EBVBA)
English translation:	SIngle Member Limited Liability Company (SMLLC)
Entered by:	Nadia Borissova

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21:24 Jun 29, 2011

Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Business

Dutch term or phrase: Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid

Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid = .......... Private Limited Liability Company

Nadia Borissova KudoZ activity Questions: 87 (none open) (3 closed without grading) Answers: 101 Belgium
Local time: 12:24

SIngle Member Limited Liability Company

Explanation:
or Single Member LLC.

Selected response from:

Kirsten Bodart
Germany
Local time: 12:24

Grading comment

Many thanks!
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +4

SIngle Member Limited Liability Company

Kirsten Bodart

(Belgian) One-Person Private Limited Company (EBVBA/SPRLU)

Michael Beijer

Summary of reference entries provided

Designations by the IRS & EC

Bryan Crumpler

Discussion entries: 1

Answers

10 mins confidence:

peer agreement (net): +4

SIngle Member Limited Liability Company

Explanation:
or Single Member LLC.

Reference: http://www.limitedliabilitycompanycenter.com/what_is_a_singl...

Kirsten Bodart
Germany
Local time: 12:24
Native speaker of:

Dutch,

English
PRO pts in category: 12

Grading comment

Many thanks!

Notes to answerer

Asker: Dank u wel!

12 hrs confidence:

(Belgian) One-Person Private Limited Company (EBVBA/SPRLU)

Explanation:
I think this is the standard translation.

Eenpersoons Beslotenvennootschap met Beperkte Aansprakelijkheid (EBVBA) =
Société d'Une Personne à Responsabilité Limitée (SPRLU) =
One-person Private Limited Company (EBVBA/SPRLU)

--------------------------------------------------
Note added at 12 hrs (2011-06-30 09:29:34 GMT)
--------------------------------------------------

See also: "Only two persons are required to create it, except in the particular case of one-person private limited companies which may be created by a single associate;" from the economie.fgov.be website itself: http://economie.fgov.be/en/entreprises/life_enterprise/Start...

--------------------------------------------------
Note added at 12 hrs (2011-06-30 09:34:50 GMT)
--------------------------------------------------

And: << A specific feature of a private limited liability company is that it can also be incorporated by one person. This person must be a natural person for the limited liability rule to apply. In principle, the same rules apply as for a private limited liability company with more than one shareholder. Other rules applicable to a "one-person private limited liability company" (Eenpersoons-BVBA./SPRL a une personne, abbreviated "EBVBA"/"SPRLU") are set forth in the Law of July 14, 1987. This type of company is often established by practitioners of liberal professions who want to separate their professional from their private capital and who want to escape the progressivity of individual income taxes. >> (www.vanbaelbellis.com/site/download.cfm?SAVE=717&LG=1)

Example sentence(s):

A company combines the resources of several individuals, except in the case of a one-person private limited company (société privée à responsabilité limitée unipersonnelle/eenpersoons besloten vennootschap met beperkte aansprakelijkheid – SPRLU/eb

Reference: http://www.ing.be/xpedio/groups/ingbe/@public/@bbl/@publicat...
Reference: http://www.google.co.uk/search?hl=en&q=One-person+Private+Li...

Michael Beijer
United Kingdom
Local time: 11:24
Works in field
Native speaker of:

English,

Dutch
PRO pts in category: 8

Notes to answerer

Asker: Dank u wel voor uw antwoord en de nuttige links!

Reference comments

16 hrs peer agreement (net): +2

Reference: Designations by the IRS & EC

Reference information:
I am only posting this because I believe the verbiage in the IRS and the EC serve as more authoritative references, which can be used for future research/comparison.

I do not trust the Belgian Gov'ts literal rendering of "eenpersoons" as "one person" having worked on many Belgian contracts for the Flemish Gov't and seen the poor state of their glossaries and terminology lists, largely rendered by Flemish natives.

The IRS states:

"A single member LLC (SMLLC) can be either a corporation or a single member 'disregarded entity'. Again, to be treated under federal law as a corporation, the SMLLC has to file Form 8832 and elect to be classified as a corporation. An SMLLC that does not elect to be a corporation will be classified by the existing federal guidance as a 'disregarded entity' which is taxed as a sole proprietor for income tax purposes."

Whether or not "private" is important here is not so much for me to decide. However, the EC & EurLex state:

The Twelfth Council Company Law Directive 89/667/EEC of 21 December 1989 on single-member private limited-liability companies addresses divergences created between the laws of the Member States upon permitting the formation of single-member private limited-liability companies in certain Member States.

HTH

Reference: http://www.irs.gov/businesses/small/article/0,,id=158625,00....
Reference: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:...

Bryan Crumpler
United States
Specializes in field
Native speaker of:

English
PRO pts in category: 20

Note to reference poster

Asker: Many thanks, Bryan!

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Changes made by editors

Jul 4, 2011 - Changes made by Nadia Borissova:
Edited KOG entry	Nadia Borissova's old entry - "Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid" => "SIngle Member Limited Liability Company (SMLLC)"

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Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid

English translation: SIngle Member Limited Liability Company (SMLLC)

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Eenpersoons Besloten Venootschap met Beperkte Aansprakelijkheid

English translation: SIngle Member Limited Liability Company (SMLLC)

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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