Glossary entry

Danish term or phrase:

Stifter

English translation:

founder or founding member

Added to glossary by Christine Andersen
Oct 13, 2014 09:16
9 yrs ago
2 viewers *
Danish term

Stifter

Danish to English Law/Patents Law (general)
This is from an extract from Erhvervsstyrelsen. I wonder if this means founder/incorporator and if such founder is a shareholder.

Thanks in advance
Change log

Oct 20, 2014 07:55: Christine Andersen Created KOG entry

Discussion

Empty Whiskey Glass (asker) Oct 13, 2014:
The legal type is A/S. Sorry for omitting this.

Proposed translations

+4
29 mins
Selected

founder or founding member

There may be only one ´stifter´, or later on, when the ´stifter´of a company is mentioned, it IS usually the founder person who started it all.

In practice there may be several, and typically they are shareholders - they form the company by contributing to its capital.

You may be able to see from your document (but probably not, as you are asking) whether they all paid in shares, whether these were equal, or what the arrangement was when they set up the company.

It is quite possible that the person with the original idea or another ´stifter´ contributed with expertise or manpower to work in the company, but not with capital, so you have to get hold of more details somewhere.

Your document may look roughly like this
http://www.rsv.dk/files/manager/certifikater/registrering_er...

Here there are several ´stiftere´, who are not necessarily shareholders.


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Note added at 3 hrs (2014-10-13 12:51:37 GMT)
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An A/S (aktieselskab) is a public limited company, and the ´stifter´ would be the founder, but companies may start in a small way, and become A/S later.

It is not possible to say from the corporate form whether a ´stifter´ actually holds shares, though it is quite likely. (Assuming the person is still alive and still actively involved with the company, which in the case of older companies he may not be.)
Peer comment(s):

agree Thomas T. Frost
2 hrs
agree Lise Leavitt :
3 hrs
agree Sven Petersson
13 hrs
agree farmor : Yes!
1 day 3 hrs
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4 KudoZ points awarded for this answer. Comment: "Many thanks!"
48 mins

(company search/BrE) promoter/or; (fig.) architect

UK company search: promoter. Bog-standard term in every UK company and business law book.

Asker should be more specific if a coporation, unincorporated partnership (Christine A's answer IMO applies), sole (BrE) trade vs. (AmE) proprietorship.

We shouldn't be expected to guess.


Example sentence:

Promoter. A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation. legal-dictionary.thefreedictionary.com/promoter

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