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Starting your own business: step-by-step explained

Written by: Balancify

BookkeepingTips
Starting your own business
8 May 2025

Starting your own business? It’s an exciting and valuable step. Whether you’re becoming self-employed (zzp’er) or setting up a BV, there’s a lot to arrange—but it doesn’t have to be complicated. With the right preparation and a bit of guidance, you can get started quickly and confidently.

Step 1: Register your business with the KvK

Before you begin, register your business with the Chamber of Commerce (KvK). You can easily do this online by filling in details such as your business name, legal structure (e.g., sole proprietorship or BV), activities, and contact information. Then schedule an appointment to finalize the registration in person.

Note: The one-time registration fee is €82.25 and is tax-deductible.

Step 2: Choose the right legal structure

Your legal structure determines how you pay taxes and whether you’re personally liable. For most beginners, a sole proprietorship (eenmanszaak) is the easiest choice. If you’re starting with a partner, a VOF or BV may suit you better. Take time to understand the differences or ask a bookkeeper for advice.

Step 3: Set up your bookkeeping from day one

Once registered, you are legally required to keep financial records. That may sound daunting, but it doesn’t have to be.
At Balancify, we ensure your bookkeeping is accurate and stress-free:

  • Submit receipts and invoices easily through our modern software.

  • We handle VAT filings and prepare your annual accounts.

  • You stay in control—without spending hours on spreadsheets.

Step 4: Get your VAT number

After registration, you’ll automatically receive a VAT identification number from the Tax Administration. You’ll need it to issue invoices. Most entrepreneurs file VAT returns quarterly.

If you don’t want to worry about deadlines, Balancify can manage all your VAT filings for you—accurately and on time.

Step 5: Determine your rate and costs

When setting your hourly rate, consider:

  • How much do you want to earn per month?

  • What are your fixed expenses?

  • How many hours can you actually bill?

Also factor in taxes and reserves for pension or insurance. Balancify can help you forecast your business income and financial plan.

Step 6: Make your business visible

Build an online presence through a professional website, Google Business listing, and active social media profiles. Visibility is key when you’re just starting out.

Tip: Avoid overspending on fancy tools or ads—start simple and see what works.

Step 7: Run your business with peace of mind

As a new entrepreneur, you don’t want to stress over bookkeeping. That’s why more and more startups choose Balancify:

  • Fixed low monthly rates

  • No hidden costs

  • Cancel anytime

  • Real-time financial insight

  • Bookkeepers available via email or WhatsApp

Balancify helps you from day one with transparent pricing, modern tools, and personal support. You simply upload your receipts and invoices—we handle everything else, from VAT returns to annual accounts.

Ready to start your own business and get your finances organized from the start?
Explore Balancify’s packages and see how simple bookkeeping can be.

Start today with Balancify.

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