Document background
The Multi Member LLC Agreement (BV Agreement) is a crucial document used when establishing or restructuring a private limited liability company in the Netherlands with multiple shareholders. This agreement is essential for businesses seeking to operate under Dutch law while maintaining clear governance structures and protecting shareholder interests. It provides comprehensive coverage of corporate governance, capital structure, management arrangements, and shareholder rights, while ensuring compliance with Dutch corporate law, particularly the Dutch Civil Code Book 2 and the Flex BV Act. The document is typically prepared when two or more parties wish to formalize their business relationship in a BV structure, requiring careful consideration of Dutch legal requirements, tax implications, and corporate governance best practices. It serves as the primary reference point for managing shareholder relationships and company operations throughout the entity's lifecycle.
