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The European Business Handbook for Young ... - MCAST

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In order to receive unemployment benefit as an entrepreneur, you are<br />

normally required to deregister your company, sell all assets and cancel<br />

your F-tax and VAT registration. <strong>The</strong> benefit is based on the net income<br />

of the company or the amount of money taken out as salary from the<br />

company. If you have run the business <strong>for</strong> a shorter period than twelve<br />

months, the benefit can be based on the income from earlier employment.<br />

<strong>The</strong> possibility of declaring the company dormant also exists, but<br />

the right is limited to one occasion only.<br />

Examples of insurances that may be necessary <strong>for</strong> a newly started business:<br />

• property insurance: compensates <strong>for</strong> damage to equipment,<br />

products, and valuable documents in the case of fire, burglary,<br />

overflowing water, etc.<br />

• consequential loss insurance: reimburses costs due to business<br />

interruption.<br />

• liability insurance: if you have to pay damages <strong>for</strong> personal<br />

injury and damage to property caused by your products or<br />

services.<br />

• legal expense insurance: covers a lawyer’s fee and court<br />

expenses if you happen to get into a legal dispute.<br />

• accident insurance: if you or your employees are injured in the<br />

place of work or on the way to or from it.<br />

Get further in<strong>for</strong>mation by contacting insurance companies, your regional<br />

social insurance office, and your unemployment insurance fund. For<br />

more in<strong>for</strong>mation see the section about «Types of insurance» under the<br />

heading «Starting a business» at www.nutek.se.<br />

3. Special conditions<br />

Depending on your activities there are different permits that you need. It<br />

is wise to find out at an early stage, which permits you need and what<br />

is required to obtain them. If you are uncertain which permits your business<br />

will need, you are welcome to contact «Startlinjen»(see section 4!).<br />

It is also be a good idea to always contact the local <strong>Business</strong> and<br />

Development Department.<strong>The</strong> permits are <strong>for</strong> example issued by the local<br />

authorities, the county administrative<br />

board, the government or<br />

the police. See also the section<br />

7! Here are some examples:<br />

Administration

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