Business entity types

Your business entity type will have an impact on various things

A limited liability company and entrepreneur/commercial name are the most common types of business entities for new businesses. Partnership and limited partnership are sound choices in many circumstances.

What is the best choice for you?

Business entity types differ from each other in these respects, for example:

  • Is the entrepreneur personally liable for the company's commitments?
  • How flexible is the company's decision-making?
  • How are the company's profits divided between owners?
  • How is the company taxed?

You should go through the various types together with an expert.

First steps as a business owner Business life cycle First steps as a business owner

Make your plans come true

Business idea is key in starting a business.

Draft your business plan carefully and start your business online.

Buying a company

You do not always have to start from scratch.

You can become an entrepreneur also by buying an already established company or its business.

Become a Preferred Entrepreneur

Your assigned contact person ensures that your banking is easy and flexible.

Our Preferred Entrepreneurs also enjoy many valuable benefits.

Business life cycle

Make your plans come true

Business idea is key in starting a business.

Draft your business plan carefully and start your business online.

Buying a company

You do not always have to start from scratch.

You can become an entrepreneur also by buying an already established company or its business.

Become a Preferred Entrepreneur

Your assigned contact person ensures that your banking is easy and flexible.

Our Preferred Entrepreneurs also enjoy many valuable benefits.

International operations

Plan the launch of your international operations carefully and utilise the support of different experts.

We will help you with your new challenges; we seek the best solutions for your banking needs which have arisen from your international operations.

Change of ownership

Change of ownership may begin due to the selling of the business, retirement or transferring the business to the next generation.

Nordea will provide you with advice on planning your change of ownership.

Entrepreneurship

Hand turning pages 

Business entity types

Your chosen business entity type has an impact on how the company is run.

Sail boat stem 

Franchising

You can become an entrepreneur with a smaller risk and get to benefit from a well-known brand. There are also certain duties attached to a franchise.