Limited partnership

1. How do I register a limited company?

You register a limited partnership with the Swedish Companies Registration Office and apply for F tax to the Swedish Tax Agency. You can complete the registration process with both agencies by using the e-services on verksamt.se

2. How many owners must the company have?

A limited partnership must always have at least two owners - natural persons (private individuals) or legal entities (companies and/or other organisations). There must always be at least one person with full liability for the business (general partner) and at least one person liable for his own input (limited partner).

3. Is there any capital investment requirement?

There is no capital investment requirement for a general partner. For a limited partner, there is a minimum capital investment of SEK 1

4. What is my personal liability as owner of a limited company?

General partners in a limited partnership have unlimited personal liability and joint and several liability for what happens in the company. Limited partners only risk their invested capital.

5. How is the company taxed?

Each partner is taxed on his share of the net income for the year.

6. How is the association's name protected when registered?

The company has exclusive rights to the name in the county in which it is based. It is possible to protect the name in other counties by making additional registrations with the Swedish Companies Registration Office.

7. Is there a requirement to have an auditor?

No, not normally. There are exceptions for large companies, certain trading partnerships and limited partnerships of a certain size owned by legal entities and companies with special business, such as lawyer services.

8. How is the company's profit/loss distributed?

In accordance with an agreement. In the absence of an agreement, the profit is distributed equally.

9. Who represents the company?

The general partners.

10. What happens if I fall ill?

As owner of a limited partnership, you receive sickness benefit from the Social Insurance Agency. Sickness benefit generating income is calculated on the net income for each of the partners. Each partner may reduce his personal contribution by choosing to have three or 30 waiting days. If you do not make an active choice, you will be given one waiting day and pay a full personal contribution.