Regulations Junior and Student Company

0. DEFINITIONS

Company supervisor: a Jong Ondernemen volunteer who guides a company during the Junior or Student Company programs.

Teacher contact: Jong Ondernemen’s first point of contact at a school participating in a Jong Ondernemen program.

Coordinator: a volunteer who plays a supporting role to the regional supplier and is authorized to act and speak on their behalf in a specific region.

Supervising lecturer: teachers who, besides the teacher contact, are involved in one or more Jong Ondernemen programs.

Jong Ondernemen: the organization Stichting Jong Ondernemen, with Chamber of Commerce (KvK) number 56817312  and located at Bezuidenhoutseweg 12, 2594 AV, The Hague. An overview of employees can be found on this page: https://www.jongondernemen.nl/het-team.

Mijn Jong Ondernemen: the digital educational platform of Jong Ondernemen which can be visited and used through http://mijn.jongondernemen.nl/.

Entrepreneurs: students who participate in the Junior or Student Company program and thus are part of a company.

Region captain: an employee of Jong Ondernemen who is the contact person for pupils/students and teachers of schools at VO, MBO, HBO and university levels within one or more provinces. An overview of regional captains can be found on https://www.jongondernemen.nl/het-team.

JC or SC number: a six-digit identification number assigned to each company. These numbers can be found on the webpage ‘MIJN BEDRIJF’ on the Mijn Jong Ondernemen digital platform and need to be mentioned at every point and in every form of contact with Jong Ondernemen.

Junior or Student Company: the programs. The term ‘Junior Company’ is used for the secondary education program. The term ‘Student Company’ is used for the company programs on MBO, HBO and university level.

Junior or Student company: the team, consisting of several students, that participates in the Junior or Student Company program.

1. THE ENTREPRENEURS

1.1. The entrepreneurs are the founders and participants of the Junior or Student companies. The entrepreneurs are obligated to take an active part (with the exception of certain special circumstances) in the program, from the founding until the completion of the company.

1.2. During one of the initial meetings, the minimum amount of working hours per week per entrepreneurial student will be determined and planned out. This agreement will be noted and documented. Information about the salary can be found under article 14. 

1.3. All entrepreneurs will internally decide on the company policy.

1.4. All entrepreneurs will internally decide on how the job functions will be distributed amongst team members.

1.5. By signing the registration forms (the document can be found on the Mijn Jong Ondernemen digital platform), entrepreneurs give Jong Ondernemen the right to store their personal information in their database. The protection of privacy is important to Jong Ondernemen and personal details will at all times be processed, stored and managed with respect to the Dutch privacy laws and regulations.

1.6. The entrepreneurs are registered as operative within the Junior or Student Company. This entails that there is no existing form of employer/employee relationship or contract between Jong Ondernemen and the company of the entrepreneurs.

2. THE COMPANY

2.1 Every company will name one entrepreneur as the designated contact person. This contact person is the point of contact for Jong Ondernemen, the supervisors and coordinators. This person is responsible for passing on any and all information to fellow team members (unless the information is being communicated personally to each individual team member).

2.2 Each company must incorporate either the extension ‘J.C.’ (Junior Company) or ‘S.C.’ (Student Company) in their company name. Furthermore, companies must mention in every form of communication that they are participating in and operating as part of the Junior or Student Company program. 

2.3 Jong Ondernemen will monitor the companies’ progress and activity at a distance. That being said, Jong Ondernemen reserves the right to intervene or take measures if necessary - even if those measures divert from what is outlined in these regulations.

2.4. The company functions as a B.V. but does not have its own legal structure. The company must explicitly mention this on its offers and invoices.

2.5 Unlike regular companies, Junior or Student Companies will not register themselves at the Chamber of Commerce. Jong Ondernemen is registered at the Chamber of Commerce and all companies are registered in the Jong Ondernemen register. Jong Ondernemen will function as the legal umbrella. Companies will not have their own Chamber of Commerce number but can make use of Jong Ondernemen’s Chambre of Commerce number. The Chamber of Commerce number is 56817312.

2.6 During the program entrepreneurs can come across situations where companies inquire about proof of registration at the Chamber of Commerce or ask to see the extract from the Jong Ondernemen register. These documents can be found and downloaded from the Mijn Jong Ondernemen digital platform.

2.7. Companies do not have their own VAT number and cannot use the VAT number of Jong Ondernemen.

2.8. Under no circumstances can the company use the identity card of the director of Jong Ondernemen or its board members.

3. DISMISSAL PROCEDURE

3.1. An entrepreneur can be excluded from participation. Exclusion of participation is only possible if you do not want to deliver performance (insufficient motivation), as a result of which the progress of the company stagnates.

3.2. Motivated entrepreneurs can not be dismissed, even though the performance may be less than average.

3.3. An entrepreneur can only be excluded with a two-thirds majority vote of all entrepreneurs.

3.4. Before the dismissal actually takes place, there must always have been a discussion with the whole group in the presence of the lecturer and / or company supervisor.

3.5. The dismissal must be well substantiated to the person concerned. It is necessary to build up a file, which shows that the participant in question is not functioning properly. The file must show that written warnings have been ignored. The teacher has received a copy of the written notification from the relevant entrepreneur.

3.6. The dismissal is reported to Jong Ondernemen via info@jongondernemen.nl with the accompanying teacher in the cc.

4. PARTICIPATION AND DURATION

4.1. The total number of company members must not exceed the maximum of eight people. Exceptions can be made if the regional supplier and/or coordinator of Jong Ondernemen has given their written consent.

 

4.2. The company will not exist longer than the twelve month period of the program. Exceptions can be made if Jong Ondernemen gives the team their written consent.

5. GUIDANCE

5.1. The company will receive guidance from a teacher and/or company director. A regional supplier of coordinator of Jong Ondernemen will monitor the company at a distance.

5.2. The company is obligated to update the accompanying teacher and supervisor of the progress and course of events regarding the company.

6. PRODUCT OR SERVICE

  • alcoholic beverages, narcotics and tobacco products;
  • gambling;
  • livestock (animals);
  • weapons, dangerous or illegal products that could potentially injure people;
  • projects that have a strong resemblance to products and services from previous years without evident addition to or improvement on the original (plagiarism);
  • employment agencies.

6.4. Products that are related to products in article 6.3, a mix of products from article 6.3 or products that encourage the use of products from article 6.3 are also strictly prohibited.

6.5. In the case of the two product and service choices mentioned below, the entrepreneurs may offer these products or services, provided that the educational authority concludes an additional liability insurance policy in which the liability and responsibility of Jong Ondernemen are transferred to the entrepreneur’s educational authority in writing:

  • the organization of parties and events such as outings, bus trips, and similar activities;
  • home-made food and beverages.

6.6. All products and services are allowed, excluding those mentioned in articles 6.3, 6.4 and 6.5.

6.7. In the case of the sale or promotion of an aforementioned, prohibited product or service, Jong Ondernemen will deny the team in question participation in its competitions - the Company Launch, the Market Day and Company of the Year.

6.8. Jong Ondernemen reserves the right to prohibit the sale of a product if the sales price does not contain sufficient profit margin. This measure is taken in order to avoid unfair competition in relation to existing companies, which have relatively bigger expenses than the (Junior or Student) companies.

6.9. If a patent is obtained by the company for a specific product or feature, the applicants are the owner of the patent. The entrepreneurs must internally decide who becomes the owner of the patent after the twelve-month academic period comes to an end and the company is dissolved.

6.10. In case of uncertainty amongst team members of the company about the product or service choice, the company must call a meeting and confer with Jong Ondernemen.

7. FRAUD AND PLAGIARISM

7.1 Plagiarism is the copying of projects, thoughts or opinions from others and passing them off as your own. Plagiarism in any form is strictly prohibited during participation of the Junior or Student Company programs.

7.2 When plagiarism is committed, Jong Ondernemen will be forced to prohibit the team in question from participating in their events and competitions. This includes the Company Launch, the Market Day and Company of the Year.

7.3 In case of fraud, the relevant entrepreneur(s) will be immediately denied participation of the program and the company must file a complaint with the police.

8. EVENTS

8.1. Throughout the academic year, Jong Ondernemen organizes various events for the companies to participate in: the Start-up, the Company Launch, the Market Day, the Regional Final and The Company Of The Year. Whether or not you can participate in these events, depends on the package level (light/medium/premium) that you have chosen.

8.2. Information about the events (such as dates, times and locations) will be announced on the Mijn Jong Ondernemen digital platform beforehand.

8.3. Registration for the events is done through the Mijn Jong Ondernemen digital platform. The registration conditions and criteria are also found on the platform where they are outlined individually.

8.4. Jong Ondernemen does not mandate companies to take part in the events. Participation is voluntary.

8.5. All events have a maximum participant capacity. If the maximum amount of participants is reached, admission to the events will be based on a waitlist where the rules of ‘first come, first served’ apply.

8.6. Companies that have submitted an application can cancel their application up until 48 hours prior to the event, free of cancellation charges. When a cancellation happens within 48 hours of the event, a fine of 25 euros will be charged to the company. If a registered company fails to show up, without providing a valid excuse, a fine of 50 euros will be charged to the company. The fine will be deducted from the company’s business bank account within six weeks after the event.

8.7. Jong Ondernemen organizes other exclusive events, besides the events described in article 8.1. These exclusive events are strictly invite-only and include various challenges and events such as Leaders for a Day. In the case of this event, articles 8.4, 8.5 and 8.6 apply.

8.8. Photographs will be taken during event days. The resulting images will be used by Jong Ondernemen and its partners for promotional purposes. By being present at these events, visitors and participants give permission for the reproduction, broadcasting and editing of said images, without limit of time or media platforms.

8.9 Jong Ondernemen is not responsible for possible damage that may occur during participation of events organized by Jong Ondernemen.

9. PARTNERS OF JONG ONDERNEMEN

9.1. Jong Ondernemen works with various business partners and facilitates possible collaborations for its students with these partners. The partners and the services they offer can be found on the Mijn Jong Ondernemen digital platform under the tab ‘Hoe zit het met?’.

9.2. Questions, feedback and issues about the collaboration with a certain company can be communicated to Jong Ondernemen. Jong Ondernemen will handle the case and outline the steps that will follow.

9.3. Companies are free to collaborate with other businesses and companies (beyond the list found on the Jong Ondernemen digital platform). The only difference is that in that case, Jong Ondernemen cannot play a consulting or facilitating role and cannot guarantee a (successful) collaboration. Article 9.2. does not apply to these companies.

9.4. Jong Ondernemen asks companies to conduct themselves professionally when communicating and presenting themselves to companies and business they wish to collaborate with. Jong Ondernemen reserves the right to freeze activity between the company and the partner when foul play or disrespectful behavior is suspected.

10. BUSINESS BANK ACCOUNT

10.1. In the Junior Company program, the supervisor of the company applies for a bank account through 'MIJN BEDRIJF' on the Mijn Jong Ondernemen digital platform. In the Student Company program, the financial contact person of the company applies for a bank account through 'MIJN BEDRIJF' on the Mijn Jong Ondernemen digital platform.

10.2. For Junior Company all questions and comments concerning the use of the business bank account and/or debit card are submitted through the form on on the Mijn Jong Ondernemen digital platform, which can be found under 'What about - bank account’. 

For Student Company all questions and comments concerning the use of the business bank account can be emailed to jongondernemen@bunq.com.

10.3. The use of the bank account is free for Junior and Student Companies.

10.4.  At Junior Company the teacher receives one online card, under which all student companies are operational. The students will not we be given their own card. At Student Company the students use the Bunq App. They will not receive a bank card.

10.5. For Junior Company: in the event of loss, theft or incorrect input of the PIN number, 7.50 euros will be charged to the company for the production of a new card.

10.6. The bank balance may never be negative.

10.7. Jong Ondernemen automatically dissolves the bank account 4 months after the company’s closing date.

10.8. Jong Ondernemen reserves the right to freeze the company’s bank account for any given reason.

11. PAYMENTS

11.1. The entrepreneurs must make a uniform decision about which team member is in charge of purchases. However, when a transaction or purchase surpasses the amount of 250 euros, a teacher must co-sign the transactional contract.

11.2. By signing the registration form, the company gives Jong Ondernemen authorization to automatically withdraw completion of payments from the company’s bank account. If the completion is not settled on time, Jong Ondernemen has the authority to transfer the entire bank account balance to Jong Ondernemen’s own bank account.

12. INVESTMENTS

12.1. Shares may be issued and distributed after the supervising lecturer has given their approval of the company’s business plan.

12.2. All investors are registered in the investor database under ‘My Investors’ on the Mijn Jong Ondernemen digital platform.

12.3. In order to finance the initial costs during the start-up phase of the company, up to fifty shares may be sold in share capital before the business plan has been approved.

12.4. Each share represents an investment with a fixed value. At Junior Company, shares hold a value of 5 euros each and at Student Company the shares hold a value of 20 euros each.

12.5. Initially, the amount of shares that can be issued is unlimited but can be limited by the supervising lecturer. Jong Ondernemen advises setting the limit of issuable shares at a maximum of 150. The first 150 shares are insured by Jong Ondernemen, but all issued shares above the first 150 are not.

12.6. The number of shares to be issued is based on the investment needed, as outlined in the business plan.

12.7. A shareholder (program participants and non-participants alike) may hold a maximum of five shares.

12.8. In order to increase the educational effect of the program, some shares must be held by non-participants of the program. It is up to the supervising lecturer whether they mandate companies to have non-participants be a part of their pool of shareholders.

12.9. No shares may be issued after the first shareholders meeting unless all shareholders have given their written consent.

12.10. The capital of the company may not be supplemented with funds obtained from sponsorship. However, the company may accept sponsorship in kind as deemed appropriate or obtain financial support for costs such as travel expenses to events.

13. INVESTORS AND INVESTOR MEETING

13.1. An investor has two roles. The first is to help the team find starting capital. The second task is to take on an advising role.

13.2. The team will internally decide on the company policy (see article 1.3.) and does not have to ask for permission from the investors prior to implementing it.

13.3. The company will organize a minimum of two investors meetings: the founding meeting and the closing meeting. If deemed necessary, one or more extra investors meetings may be organized halfway through the entrepreneurial year.

13.3.1. During the founding investors meeting the approved business plan must be presented.

13.3.2. During the closing investors meeting the approved annual report must be presented.

13.4. The invested money, represented in shares, with the subtraction of possible losses or addition of possible profit, must always be paid out to the investor in question. Individual investors reserve the right to personally decide if they want to spend their dividends differently (for example: donate to charity).

14. SALARIES

14.1. The company is allowed to give out salaries. However, it is not mandatory. If a company decides to pay out salaries, the number of hours worked will be counted from the moment that the business plan is approved by the supervising lecturer.

15. TAXES

15.1. Companies do not have a VAT number and can therefore not mention VAT on their invoices. However, the companies do have to calculate the VAT into the sales prices and process the VAT as received in their financial administration.

15.2. Jong Ondernemen can be held accountable by the tax authorities (Belastingdienst) and thus must be able to provide documentation and insight into the financial situations of all existing companies at all times. This entails that Jong Ondernemen must approve the financial documents of the company at the end of the term before the company is terminated. This task will be delegated to the supervising lecturer of the company.

16. INSURANCES

16.1. At Jong Ondernemen, all supervisors and entrepreneurs are insured against liabilities by a business liability insurance (no product insurance). Companies are also covered by legal assistance insurance.

16.2. In case a company needs to make use of business liability insurance, the company will need to make a personal contribution of 125 euros that will be deducted from the company’s bank account.

16.3. If a company is charged for causing any form of damage, they must immediately notify Jong Ondernemen in writing (no later than the following workday).

16.4. Jong Ondernemen cannot be held accountable for companies’ unpaid invoices and is not insured for these types of situations.

17. CLOSURE

17.1 In the last month of its existence, the company submits its financial data to the tax authorities (Belastingdienst) through ‘Mijn Bedrijf’’ on the Mijn Jong Ondernemen digital platform. In the Junior Company program, the supervising lecturer will be tasked with submitting this financial date. In the Student Company program, the entrepreneurs themselves are responsible for submitting this financial data.

17.1.1. Once you have filled in all your financial details and completed the closing stage, the tax amount will be automatically deducted or added to your bank account (this transactional process can take up to a week).

17.2. The company may only hold the last shareholders meeting after approval by the lecturer/supervisor has been given to the last profit and loss account, the final balance sheet and the closing form.

17.3. The shareholders must be paid in the last month of the company's existence at the latest.

17.4. If the closure of the company is not submitted into the Jong Ondernemen system on time, the bank account balance of the company will be automatically transferred to Jong Ondernemen. The balance amount will be available to the company for retrieval for a maximum one-year period post transfer. The bank account balance will only be retransferred once Jong Ondernemen has received a written statement sufficiently outlining the reason why the company was unable to finalize the closure on time and to whom the balance will be transfer back.

17.5. The complete file of the company will be handed over to the supervisor, who will be tasked with storing the file in their archives for another seven years.

17.6. After the closure of the company, Jong Ondernemen will issue a ‘proof of participation at Jong Ondernemen’ to the participants who have been selected for this by their supervising lecturers in the ‘Request Certificates’ step. The participants must be registered as a participant in the Jong Ondernemen system and have worked in the company.

18. RESTART

18.1. As described in article 17 and according to the ideas described in article 6.1., the entrepreneurs are free to continue their company beyond the program under their own control.

18.2. The entrepreneurs will make decisions internally regarding article 18.1 and officially document the following in writing:

  • which entrepreneurs will continue managing the company and which entrepreneurs will distance themselves from the company;
  • whether the entrepreneurs distancing themselves from the company will be compensated for the intellectual property as outlined in article 6.1. and what form of compensation can be expected.

18.3. The continuing entrepreneurs must register their restarted company with the Chambre of Commerce.

18.4. The entrepreneurs must officially announce their restart to Jong Ondernemen, with mention of their JC or SC numbers and a list of the entrepreneurs involved in the restart.

19. LIABILITY

19.1. Jong Ondernemen is not liable for the actions of the companies, supervisors, entrepreneurs or teachers in case of regulation breaches or if the actions of the aforementioned parties result in a violation of the law or damage to people or goods.