Sole proprietorship (Switzerland)
A sole proprietorship (also sole proprietorship ) is a legal form in Switzerland for a company that has an owner and is managed by him.
A sole proprietorship must be entered in the commercial register if the annual turnover is more than CHF 100,000 or the company is active in certain industries. As of January 1, 2019, 159,810 sole proprietorships were entered in the commercial register. The surname must be included in the designation. The designation may also contain a description or a fantasy name. No equity has to be paid in for the foundation . The owner is liable with all his private assets.
The sole proprietorship is one of the most common legal forms in Switzerland. The legal form is often chosen by small businesses such as craftsmen , doctors , lawyers or local trading companies.
A sole proprietorship with a turnover of less than CHF 500,000 only needs to record income and expenditure. If a sole proprietorship has a turnover of more than CHF 500,000, it has to prepare proper bookkeeping in accordance with OR 975 ff.
Individual evidence
- ↑ Registered companies per legal form and canton. Federal Office for the Commercial Register.
