This master thesis concerns the private limited corporate form “iværksætterselskab/IVS” (Danish entrepreneur company), which has existed since 1st of January 2014 and the Danish declaration standard “udvidet gennemgang” (extended review), which has existed since 1st of January 2013.
The thesis’ purpose is to determine the differences in the legal position for the Danish entrepreneur companies and the other limited comporate forms regulated by the Danish company act, which primarily is the Danish limited corporate forms “ApS” and “A/S”. The output here from is partly used to determine if the extended review can be used on Danish entrepreneur companies, so the thesis is split into two parts.
The first part concerns the before mentioned differences in the legal position and has focus on chapter 20 a in the Danish company act, where the main laws for entrepreneur companies are presented. The first part clearly states a lot of differences, but especially three things seem to stand out, which is that non-cash contributions is not legal for Danish entrepreneur companies, that an Danish entrepreneur company cannot have dividend before the company’s share capital is the amount of 50.000 kr. and a minimum share capital at 1 kr.
In the second part the extended review and its backstory is explained and it is quickly clear that extended review can be used on Danish entrepreneur companies, so the thesis also examine if the extended review is relevant for the Danish entrepreneur companies and how usable it is. After that the auditing standard gets examined and the most crucial parts are discussed and analyzed in comparison to the first part of the thesis. The second part concerns a few other relevant subjects and in the end of second part there is a few suggestions to how the law could be more optimized in order for Danish entrepreneur companies and extended review to work better.
The thesis concludes that extended review can be used on Danish entrepreneur companies without any significant change, but they are not a perfect fit and there is some of the differences from the first part that affects the use of the extended review in a negative way.
|Uddannelser||Cand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling|
|Vejledere||Troels Michael Lilja|