What is an enkeltmandsvirksomhed (sole proprietorship)?

In short

An enkeltmandsvirksomhed is a sole proprietorship: one owner with personal, unlimited liability. It's free to register and needs no starting capital.

In practice

The profit is taxed as the owner's personal income, and there's no public annual report — but full bookkeeping duty. Many start here and convert to an ApS later.

Go deeper: Sole proprietorship or ApS: which should you choose?

Related terms

• ApS (private limited company)
• PMV (small personally owned business)
• See every term in the dictionary

Tired of looking things up? At Numina your own bookkeeper handles bookkeeping, VAT and deadlines — at a fixed price. Read about your bookkeeper at Numina