A besloten vennootschap (Dutch pronunciation: [bəˈsloːtə(ɱ) ˈvɛnoːtsxɑp], lit.
"private partnership"; besloten vennootschap met beperkte aansprakelijkheid, lit.
bv)[a] or société à responsabilité limitée (SRL)[b] is the Dutch and Belgian version of a private limited liability company.
The general assembly of shareholders decide on what manner the profit after corporate tax will be distributed.
The bv is responsible for withholding the dividend tax which is due for payment to the shareholders.