A limited partnership company (P/S) is a company form where at least one partner has unlimited liability (a general partner) and one or more partners have limited liability (typically shareholders). The structure combines elements from both partnerships and limited companies (A/S).
Frequently Asked Questions About Limited Partnership Companies
What is a limited partnership company?
A limited partnership company (P/S) is a company form where at least one partner has unlimited liability (a general partner) and one or more partners have limited liability (typically shareholders). The structure combines elements from both partnerships and limited companies (A/S).
How is liability distributed in a limited partnership company?
There must always be at least one general partner (komplementar) with unlimited liability and one or more limited partners (kommanditist or shareholder) whose liability is limited to their investment. The general partner is often a private limited company (ApS) with minimal capital, so that the unlimited liability is limited in practice.
How is a limited partnership company registered and managed?
The limited partnership company is a separate legal entity and must be registered with the Danish Business Authority. The company is subject to the rules for public limited companies (A/S) regarding management, auditing, and annual reporting.
How is a limited partnership company taxed?
Taxation of a P/S is transparent, meaning that income and expenses are taxed with the partners according to their share, not in the company itself.
What is a limited partnership company typically used for?
The structure is often used in investment projects, shipping, and real estate, where investors want limited liability but flexibility in ownership and management.
How can SkatteInform help with limited partnership companies?
SkatteInform can help you choose the right company structure, understand the tax consequences of a P/S, and register and manage a limited partnership company.
Disclaimer
As the above is for guidance purposes only, we accept no liability for decisions that may be made based on the above without prior individual advice. We accept no liability for errors and omissions.