Starting a Commercial Partnership is attractive if the purpose of the partnership is to obtain common benefits for the partners and if the partners want to contribute to the business in different ways: capital, goods, efforts (work) or goodwill. It is based on an agreement between two or more partners, which can be individuals or legal entities. A Commercial Partnership can contract in its own name, but it cannot hold property in its own name since it is not a legal entity. The partners are jointly and severally liable for all of the partnership’s obligations.

You can find more on the characteristics of a Commercial Partnership here. If you want to know whether a Commercial Partnership best suits your business, or if you want to set up a Commercial Partnership in the Netherlands, please contact us.