Limited liability companies and co-operatives must submit financial statements to the Trade Register; for the first time, even active businesses may risk de-registration

The Finnish Patent and Registration Office (PRH) will this week send reminder letters to one thousand limited liability companies and co-operatives that have not submitted their financial statements for registration within one year from the end of the financial period. Even an active business that does not submit their financial statements may risk de-registration, which means in practice the termination of business activities and significant tax consequences. “All limited liability companies and co-operatives must draw up financial statement documents and file them with the PRH. The