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More than 69,000 new companies created in Sweden in 2011
Tuesday, 03 January 2012
Last year more than 69,000 new companies were created and registered in Sweden and seven out of ten - a record number of them were limited liabilities companies, according to figures from the Companies Registration Office in a complication by Visma interested in analysing the growth of new companies in the country.


The fact that limited liability companies’ account for most of the registered companies is seen as a consequence of the reduction of the required share capital which the government instituted recently in the year.

Also there was the adjustment of the audit requirement which was eliminated for smaller companies. This was that smaller company with a turnover of less than a million Swedish Krona and employing fewer that three people should not be paying huge amount of money to the auditors. This particular feat has led to many smaller companies going bankrupt because they were forced to pay exorbitant fees to accounts just for them to via their financial statement or they will be prosecuted.

Today with this loop hold eradicate, smaller companies now have some degree of freedom and some loos cash to play with in expanding their bottom line.
By Scancomark.se Team

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