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I'd be very cautious about running a software startup in Denmark. If you succeed great, but Denmark doesn't have the sort of easy bankruptcy laws the US has an

I'd be very cautious about running a software startup in Denmark. If you succeed great, but Denmark doesn't have the sort of easy bankruptcy laws the US has and you have to pay your employees 6 months wages if you go under. So if your startup fails you might be in debt for the rest of your life.

workhere-io 13y ago
Denmark doesn't have the sort of easy bankruptcy laws the US has Lots of Danish companies go bankrupt without it affecting the personal finances of the owners. It all depends on the kind of company you form. you have to pay your employees 6 months wages if you go under. Source? AFAIK, as long as your business is alive and well you pay a small amount of money each month to an organization which will make sure that if you go bankrupt, your employees will get paid anyway. This means you don't have to pay anything if you go bankrupt. https://lifeindenmark.borger.dk/Pages/Compensation-if-employer-is-bankrupt.aspx https://lifeindenmark.borger.dk/Pages/Compensation-if-employ...
throwaway_yy2Di 13y ago
Denmark has some of the shortest bankruptcies in Europe: http://www.economist.com/node/21559618 http://www.economist.com/node/21559618 (middle of the article, graph titled "Life Sentences") https://news.ycombinator.com/item?id=4589291 https://news.ycombinator.com/item?id=4589291