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Private Limited Company - Anpartsselskab - ApS

A private limited company (Ltd.) is an independent legal business entity that you or more people can own and perform your business activities from.

This specific type of limited company is in Denmark called an Anpartsselskab – ApS. There is a "bigger" type of limited company that is called Aktieselskab – A/S and a "smaller one" called entrepreneurial limited company (Iværksætterselskab - IVS).

An ApS is a separate legal entity that has its own independent life. You might own all the shares in the company but it has its own life and you will an employee in the company.

The ApS is one of several business types you can choose when you want to run a business.

You are not liable for losses

One of the advantages of a limited company compared to a sole proprietorship is that if your ApS accidentally owe a supplier money, the supplier cannot come after your personal money and values.

The supplier can go for all the values in the company but he cannot demand your house and personal assets as payment for his loss in your limited company.

If the company has borrowed money in the bank, the bank will probably require you personally to stand liable for the amount. If you do you will personally lose the amount guaranteed if things go wrong.

You cannot deduct losses

Do you have a sole proprietorship company and you are running a deficit, you can deduct the deficit from your earned income or your spouse´s income. In this way SKAT (Tax department) will to pay some of your losses because you will pay less tax.

Do you have an ApS you cannot deduct losses from your personal income.

Characteristics of an ApS

The characteristics of an ApS are:

  • The company must be registered at the Danish Business Authority and there must be at least 50,000 Dkr. in the company account to make the registration
  • As the owner you are not personally liable for the company´s debts and other liabilities in in the company
  • The assets of the limited company is the company´s assets and not the owners - it is forbidden to borrow money from your company
  • The company must have a management - for example you as the hired director
  • The company can have one or more owners

Register an ApS

You can yourself register the ApS at the Business Authority but you must have prepared different things before you can register. Among other things, you must:

  • Prove that you have 50,000 kr. in the bank or in values
  • Develop a foundation document
  • Develop statutes

When you create an ApS it is probably an advantage at the same time to create a holding company.

Get help creating an ApS

It can be a bit difficult to keep track of the various steps in registering an ApS so you can buy to help setting up the formalities.
If you today use an accountant he will help you or you could contact a lawyer.

Erhvervsrådgivning er en kerneydelse for ADVODAN Hillerød.

Vi er med til at udvikle vores erhvervsklienter gennem løbende sparring. Vi tænker kommerciel jura, og det vil sige, at vi sætter resultaterne før juristeriet. Vi er til for erhvervsklienterne og prøver at sætte os i erhvervsklienternes sted.

Sparring og udvikling er også hovedbestanddelene i vores bestyrelsesarbejde for erhvervsklienterne. Når vi er indtrådt i bestyrelsen, påtager vi os ansvaret for det gode bestyrelsesarbejde og den værdiskabende ledelse. Vi evner både at sikre de formelle rammer omkring bestyrelsesarbejdet, og vi tager også del i det kommercielle arbejde med strategi og opfølgning.

Vi rådgiver om bestyrelsesansvar og forsikringer, honorar til bestyrelsen og alle andre selskabsretlige forhold, ligesom vi sammen med selskabets revisor bistår i den økonomiske og strategiske rådgivning. Læs mere om bestyrelse her.

Vi bistår ved opretning af selskaber, fusion eller spaltning heraf, herunder rådgivning om de skattemæssige konsekvenser og udformer alle relevante selskabsretlige dokumenter samt registrerer disse. Læs mere om selskaber her.

Hvis du har brug for at drøfte din sag, så kontakt os!

Thomas Vang Christensen
Advokat
48 20 74 01
thch@advodan.dk

Phillipp N. Quedens
Advokat
48 20 74 02
phqe@advodan.dk

Henrik Hornsleth
Advokat
48 20 74 00
horn@advodan.dk

Tina Skov Westerberg
Advokatsekretær
48 20 74 10
tiwe@advodan.dk

Du har en fordel på advokatrådgivning og inkasso som medlem af A-kassen DANA - se mere her!

 

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