Auditor – trading partnership
In most cases a trading partnership does not need to have an auditor. However, you must have an auditor if you have a legal entity as partner or if the trading partnership is a large company.
When a legal entity is a partner you need an auditor
As a fundamental rule, a trading partnership with at least one legal entity as a partner must have an authorized or approved auditor. The auditor must be reported for registration with Bolagsverket.
However, if such a trading partnership does not meet at least two of the following criteria in the last two financial years it may choose not to have an auditor:
- more than 3 employees (as an average),
- a balance sheet total of more than SEK 1,5 million , or
- a net turnover of more than SEK 3 million .
Large partnerships must have an auditor
In partnerships with only natural persons registered as partners, an authorized or approved auditor is required if the partnership is considered ‘large’. The auditor must be reported for registration with Bolagsverket.
A trading partnership fulfilling at least two of the following criteria in the last two financial years is considered ‘large’:
- an average of 50 or more employees,
- a balance sheet total of more than SEK 40 million , or
- a net turnover of more than SEK 80 million .