Osakeselt

Osakeselt is a Finnish term that translates to "limited company" or "private limited company." It represents a legal business structure where the company is a separate legal entity from its owners, known as shareholders. The liability of these shareholders is limited to the amount of capital they have invested in the company. This means that the personal assets of the shareholders are protected from the company's debts and obligations.

Osakeselt companies are a common form of business organization in Finland, suitable for a wide range of enterprises, from small family businesses to larger corporations. The formation of an osakeselt requires a minimum share capital, the exact amount of which can vary depending on current legislation. Shares in an osakeselt are not publicly traded on stock exchanges, distinguishing them from public limited companies (osakeyhtiö, or oy).

The management of an osakeselt typically involves a board of directors and a managing director, who are responsible for the company's operations and strategic decisions. Shareholders exercise their rights and influence through general meetings. Financial reporting and auditing requirements are in place to ensure transparency and accountability. The specific regulations governing osakeselt companies are detailed in the Finnish Companies Act.