Yhtiönä

Yhtiönä is a fundamental concept in Finnish business law and accounting. Translating to "as a company" in English, it refers to the legal form of a company in Finland, where the shareholders are limited in their liability.

In a yhtiönä, the company is considered a separate entity from its shareholders, which means that the shareholders' personal assets are protected in the event of the company's insolvency. This is in contrast to sole proprietorships, where the business and the owner's personal assets are not separate.

The yhtiönä structure allows companies to raise capital from multiple shareholders, issue shares, and distribute profits to shareholders. However, it also means that shareholders have limited control over the company's operations and decision-making.

To establish a yhtiönä, a company must be registered with the Finnish Trade Register and meet specific requirements, such as having a minimum number of shareholders and capital. The company must also have a registered office and a managing director.

In accounting, yhtiönä firms are required to submit annual financial statements and tax returns to the Finnish Tax Authority. The financial statements must be audited by an independent auditor to ensure transparency and accountability.

Overall, the yhtiönä structure provides a versatile framework for businesses to operate and grow, offering liability protection and flexibility in capital raising and distribution.