Limited liability company (LLC)
What is a limited liability company?
This text refers to the Danish definition of the word "anpartsselskab".
A limited liability company is a form of company that can be established by one or more persons and / or companies. The founders of the company are called shareholders, their financial contributions to the company most often define the company's division of shares. Therefore, be sure to draw up an ownership agreement.
If you want to establish a limited liability company, you must be aware that there is a capital requirement of at least DKK 40,000. However, the shareholder's liability is limited to the DKK 40,000 that is a start-up capital requirement. In this way, if your company goes bankrupt, you ensure that your personal wealth is not affected. The capital requirement of the DKK 40,000 can be set as money, as values or a combination of these. If they are set as values or as a combination, the value must be assessed by an accountant.
In addition, there is a requirement to have an executive board and that the company must be notified to the Danish Business Authority, which publishes the company's accounts.