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Entrepreneurial limited company – Iværksætterselskab - IVS

An entrepreneurial limited company is a company form where you can set up a limited company for 1 Dkr.

When starting the company you can choose to organize it as a sole proprietorship company or a Private limited company.
In a sole proprietorship company you as a person are liable for a possible loss in the company.

If you have formed a limited company you are only liable for the money and value you have put into the limited company.

IVS is a mini ApS

IVS is short for Iværksætterselskab (entrepreneurial limited company) and ApS is short for Anpartsselskab (Private limited company) and these abbreviations are often used in the Danish business environment.

Entrepreneurial Limited Company is introduced to make it cheaper for entrepreneurs to create a limited company and thereby protect one´s personal fortune. IVS´et works much like an ApS and IVS must also over time develop into a ApS with a capital of 50,000 Dkr.

The share capital is built up by saving at least 25 percent of the annual profit of the company - until the total equity amounts to 50,000 Dkr. and entrepreneurial limited company a limited liability company.

A IVS should be seen as an alternative to a ApS, not to a sole proprietorship company.

Register an IVS

You can register an entrepreneurial limited company on virk.dk website. However, it is more complicated than setting up a sole proprietorship.
Among other things, you must have a business account in a bank where at least one crown is inserted and prepare a couple of other business documents

You can buy help from an accountant or lawyer to do this work for 2-3.500 Dkr.

Advantages of an IVS

The following are advantages to start a business as an IVS rather than starting as a sole proprietorship company:

  • Small deposits to form a limited company
  • You are not liable with your personal fortune if you accidentally build a large debt in the company
  • Two or more persons who want to start together find a better framework than a Partnership
  • It is easier to invite new partners in a company

Disadvantages of Entrepreneurship Society

The following disadvantages of starting a business as IVS rather than starting out as a sole proprietorship:

  • There are extra accounting requirements and financial statements must be published in public
  • There can be no dividend to be paid before having accumulated 50,000 Dkr. in capital
  • You should probably buy help creating company - cost 2,500 -3,500 kr.
  • You can as a personally not borrow money from the company
  • A deficit in IVS cannot be deducted from your personal or spouse´s taxable income
  • Customers may require you provide greater safety when purchasing goods when you are just an IVS

Afprøv gratis et regnskabsprogram

Toke er iværksætteren bag regnskabsprogrammet Billy. Han satte sig for at lave Danmarks nemmeste regnskabssystem.

Han er så stolt af det, at han giver dig en 30 dages gratis prøveperiode - der er ingen binding efter 30 dage.
20.000 virksomheder bruger allerede programmet.

2 minutter og du er i gang
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Related articles:
Related articles:
Registration of business - getting the CVR
Accountability
Authorisations to start
Payroll tax - lønsumsafgift
Entrepreneurial limited company – Iværksætterselskab - IVS
Industry codes (branchekode)
Sole Proprietorship - enkeltmandsvirksomhed
Other subjects:
Sales and marketing
Legalise your business
Administration in a company
Financing startup
Personal consideration
Social enterprise