Translations:Osakeyhtiö/2/en
From Yrittäjä WIKI
More actions
Osakeyhtiö (Oy, limited liability company) is a separate legal person from its owners. The company owns the assets and signs the contracts. As a rule the company is liable for its own debts. Shareholders risk the capital they invest. Personal liability still arises if you give a personal guarantee (henkilötakaus) to a bank or Finnvera, or if you break board duties set in the Limited Liability Companies Act.