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Kategori: Blog

Kurve med pil oppover, som illustrasjon til bloggpost om budsjett.

Budgets: The two most important ones for a small company

Drawing up a budget gives you better control over costs and earnings. If you haven’t yet set up a budget for next year, it might…

Miniforetak-Ane 08.12.2020
0 kommentarer
Illustrasjon til statsbudsjettet 2021

The National Budget 2021 – what it means for you running an SP or a small LLC

The proposition for the National Budget 2021 was introduced today, 7th of October 2020. Last year, when we had a majority government, it was a…

Paal Stavrum 03.12.2020
0 kommentarer
Inngangsparti på Blockbuster-forretning, en illustrasjon til bloggpost om disruptiv innovasjon.

Disruptive innovation – one of the most important terms of the year

A few days ago, I wrote about disruptive innovation in the local papers where I live. Disruptive innovation interferes in our business everyday life –…

Miniforetak-Ane 30.11.2020
0 kommentarer
Kvitteringsdel av faktura

Invoice – here is an explanation of what that is

An invoice is a sales document from a seller to a buyer. There are strict requirements for what an invoice is supposed to contain, and…

Miniforetak-Ane 11.11.2020
0 kommentarer
Illustrasjon av regnskapstjenesten Fiken, som er medlemsfordel hos Miniforetak

Fiken – a business adventure in the accounting industry

As a partner, I might be too biased when talking about Fiken, but regardless: This is a tribute to a group of people sitting in…

Miniforetak-Ane 09.11.2020
0 kommentarer
Bilde som illustrerer at bedrifter etter hvert må kunne både sende og motta e-faktura.

E-invoice is mandatory when you have public clients

E-invoice (EHF) is now a requirement when you send an invoice to public clients, according to a new regulation that was put in place 2nd…

Miniforetak-Ane 05.11.2020
0 kommentarer
Dataskjerm med ordet Start, som illustrasjon til artikkel om at det startes mange nye bedrifter i Norge.

New companies in droves – and more of them survive

29,8% of new companies established in 2012 were still active in 2017, which is a clear improvement from the previous year. The previous year, the…

Paal Stavrum 29.10.2020
0 kommentarer
renter på restskatten i artikkel om skatten for selvstendig næringsdrivende

Self-employment and taxes in Norway

On self-employment and taxes, with or without sole proprietorship. And on taxes for employees, for example in your own LLC. The tax pressure for self-employed…

Paal Stavrum 19.10.2020
0 kommentarer
Bilde av klubbe, illustrasjon til blogginnlegg om endringer i aksjeloven 2019.

Changes to the law of shares

Several changes to the law of shares make it easier to run a small private limited liability company as from 2019. It has, in fact,…

Paal Stavrum 09.09.2020
0 kommentarer
Bilde av sparegris med mynter rundt. Til artikkel om krav til aksjekapital.

Share capital – this is what it costs to start an LLC

The minimum share capital when starting an LLC is 30 000 NOK, and you can spend this money on the cost of establishment.
Paal Stavrum 03.04.2020
0 kommentarer
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Forum Description

The minimum share capital when starting an LLC is 30 000 NOK, and you can spend this money on the costs of establishment.

Up until 2011, the minimum was 100 000 NOK, and you had to cover the costs of establishment in addition to this.

Now you can establish an LLC at the price of 30 000 NOK, including the cost of establishment. This entails that you can spend of the share capital to cover the cost of establishment.

It is also a myth that the share capital is restricted from use after you have put it into the company.

Something you have to be aware of, however, is that the law requires that the company's capital is reasonable based on the extent of the company (look further down in the article).

For example, if you put in 300 000 NOK, and you later wish to take out share capital, this is no problem. This can be relevant if the company has stable finance otherwise.

This is how you start a limited company - step by step.

Costs

Registering an LLC in the Register of Business Enterprises (Foretaksregisteret) costs just over 5000 NOK. Private limited liability companies are required to register in the Register of Business Enterprises. Sole proprietorships aren't (with some exceptions).

There are also other costs when establishing an LLC. This could be, for example, confirmations and perhaps help to start up.

Below you will find a link to our startup-guide, which shows how simple it has become to establish a limited company under simple conditions.

NB! You are no longer required to compile an opening balance at the establishment of a new LLC when the share-input is done with money.

You will usually be left with between 20 000 and 24 000 NOK in share capital if you take the startup-costs from the 30 000.

So it's all about getting an income or some other finance quickly. Otherwise, the road to bankruptcy is extremely short.

Demand on reasonable share capital

The law of shares demands that the company has a reasonable equity based on the risk and extent of the company.

This now also applies to the liquidity (how much money you have available at any time). To put it simply, this is a demand for you to have enough money to pay your bills.

The demand regarding the liquidity arrived a few years ago and sharpened the rules on this field.

There are many examples of past LLCs that have sold well but haven't had control over their liquidity. This also makes the road to probate court and bankruptcy short.

There is a lot to keep in mind when it comes to starting up an LLC.

Check out our free guide about establishing and registering an LLC.

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