Both an aktieselskab (A/S) and an anpartselskab (ApS) are by definition, limited liability companies; the main difference being that only the A/S issues stock.
In case of bankruptcy, creditors are not able to pursue claims towards investors who have not personally provided security.
[3] If half of the capital is lost, the board of directors must convene a general meeting within six months.
[citation needed] The articles of association may confer upon public authorities or any third party the right to appoint one or more members of the board of directors.
[3] In companies with an average workforce of over 35 employees during the last three years, the employees are entitled to elect among themselves a number of members of the board of directors equal to half of the members of the board of directors elected by the shareholders or appointed by third parties.