How to Start a Business in FinlandLaajuus (1 cr)

Learning objectives

- The student understands the key differences between sole proprietorship and limited liability company, and can evaluate which entity is suitable for him/her.
- The student understands the required registrations, tax implications, pensions and other mandatory insurances of a new business.
- The student also understands the role of accounting service providers.

Contents

The course covers the following topics:
- Differencies between sole proprietorship and limited liability company
- Documents and steps to register your business as a Finnish legal entity
- Filing and paying for employer’s contributions, VAT and corporate income tax
- Registering for and paying pensions and other mandatory insurances
- Choosing and working with banks and accounting service providers
- What else do I need before starting a business? Where to get help?

Starting level and linkage with other courses

There are no prerequisites in the course. The course is suitable for all students interested in the practicalities of starting a business in Finland, regardless of the degree program. You can join the studies of the course at any stage of your studies.

Assessment criteria, approved/failed

When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

The course assessment is pass/fail

Learning materials

The course consists of the following learning materials:
- Video tutorials
- Reading materials
- Links to key resources
- Q&A discussion -> FAQ (frozen/static as video etc)
- Quiz to validate learning process