Limited partnership (kommanditselskab, K/S)
A limited partnership (kommanditselskab, K/S) is a business with two kinds of participants: at least one general partner (komplementar) with personal, unlimited liability, and one or more limited partners (kommanditister) liable only for their contribution. The form is used especially for property and investment projects.
The figures behind the term
Source: companydata.dk, CVR and annual reports, updated 15 September 2026
In practice the general partner is usually an ApS, so the unlimited liability is effectively capped at that company's capital. The limited partners are the investors who contribute capital and share the result but do not take part in day-to-day management. A K/S is tax transparent: the result is taxed at the participants, not in the partnership.
Reporting and registration
A K/S is registered in CVR with the general partner as the fully liable participant. If the general partner is a limited company, the K/S must file annual reports under the Danish Financial Statements Act, and the accounts are public like those of an ApS or A/S. Limited partners appear as owners when their stake is 5 % or more.
Frequently asked questions
Who is liable in a limited partnership?
The general partner is personally and unlimitedly liable for the partnership's obligations. The limited partners are liable only for the amount they have contributed or committed to contribute.
Must a K/S file annual reports?
Yes, if the general partner is a limited company, which is almost always the case. The annual report is filed with the Danish Business Authority and is public.
How is a limited partnership taxed?
A K/S is tax transparent. Profits and losses are allocated to the participants and taxed at their level, not in the partnership.
Related terms
Danish company types (virksomhedsformer)
Company types (virksomhedsformer) are the legal forms a business can operate in. The main Danish forms are the sole proprietorship, general partnership (I/S), private limited company (ApS), public limited company (A/S) and limited partnership (K/S), and the choice determines liability, capital requirements, tax and reporting duties.
Private limited company (ApS)
An anpartsselskab (ApS) is a Danish private limited company where the owners are liable only for their contribution. It is Denmark's most common company type and requires share capital of at least DKK 20,000.
General partnership (I/S)
An interessentskab (I/S) is a Danish general partnership with at least two owners (partners) who are personally, unlimitedly, and jointly liable for the business's debt. Partners can be both individuals and companies.
Legal owners (legale ejere)
Legal owners (legale ejere) are the direct owners of a company holding at least 5% of the share capital or voting rights. Legal owners can be both natural persons and other companies, and stakes are registered in intervals (5-10%, 10-15%, etc.).