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Selskap Med Begrenset Ansvar
''Selskap med begrenset ansvar'', with short form BA, is a Norwegian term for a corporation comparable to a limited liability company. Meaning literally ''Company with limited liability'', it is a type of corporate structure used in Norway for limited companies based on a co-operative structure. Legal framework Unlike the ''aksjeselskap'' (AS), a regular stock-based limited company, the BA is structured either as a ''Særlovsselskap'', a company founded under a particular act of legislature or as a cooperative. In the latter case, the limitations and legal framework is set out in the imited Liability Companies Actof 1997 ss 1-1(3).3, a Norwegian Act of Parliament relating to limited liability companies covering: "companies formed in order to promote the members' consumer or professional interests or companies formed to secure employment for the members" Difference from an AS company The most notable difference between a regular limited company (AS) and a BA is that while the di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norway
Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of Norway. Bouvet Island, located in the Subantarctic, is a Dependencies of Norway, dependency, and not a part of the Kingdom; Norway also Territorial claims in Antarctica, claims the Antarctic territories of Peter I Island and Queen Maud Land. Norway has a population of 5.6 million. Its capital and largest city is Oslo. The country has a total area of . The country shares a long eastern border with Sweden, and is bordered by Finland and Russia to the northeast. Norway has an extensive coastline facing the Skagerrak strait, the North Atlantic Ocean, and the Barents Sea. The unified kingdom of Norway was established in 872 as a merger of Petty kingdoms of Norway, petty kingdoms and has existed continuously for years. From 1537 to 1814, Norway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aksjeselskap
is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called (ASA), while companies without limited liability are called (ANS). All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiaries may have a different fiscal year, as is allowed, to match the parent corporation. The ASA differentiates from the in that it has rules regu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative
A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled wikt:Enterprise, enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from Collective farming, collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include: * Worker cooperatives: businesses owned and managed by the people who work there * Consumer cooperatives: businesses owned and managed by the people who consume goods and/or services provided by the cooperative * Producer cooperatives: businesses where producers pool their output for their common benefit ** e.g. Agricultural cooperatives * Purchasing cooperatives where members pool their purchasing power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coop NKL
Coop Norge is a Norwegian cooperative. It is owned by 117 local cooperatives with approximately 2 million members. The company has its headquarters in Oslo. History The first cooperative store in Norway was opened in the 1850s and, on 27 June 1906, a group of 28 cooperatives formed the NKL (''Norges Kooperative Landsforening'', "Norwegian Cooperative Association") to act as a wholesaler for its members. The next year, it joined the International Co-operative Alliance. NKL acquired the Norwegian Margarine Factory (''Margarinfabrikken Norge'') in Bergen in 1911; it later purchased other margarine factories in Oslo and Bodø. It purchased a cigarette factory in 1914 and a coffee plant in 1916. During the 1920s, it began production of shoes and flour; during the 1930s, it added chocolate and light bulbs as well as Cooperative Insurance (''Samvirke Forsikring''). NKL opened the first self-serve store in Norway on 1 October 1947 and, in 1951, the law was changed to permit coopera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Cooperatives In Norway
The agricultural cooperatives in Norway ({{langx, no, Landbrukssamvirket) consists of 13 companies, each organised as independent agricultural cooperative, farmer owned cooperatives. They cover four different areas for the farmers: refining and sale of produce, financial services, Selective breeding, breeding and insemination, and retail of agricultural equipment. All the cooperatives cooperate through the company Norsk Landbrukssamvirke. In total the companies have a revenue of Norwegian krone, NOK 58 billion and have 18,000 employees. Tine (company), TINE and Nortura are responsible for about a quarter of the revenue each. Though none of the cooperatives hold any monopoly, monopolies, their dominant position periodical causes debate about the structure of the agricultural processing industry. Companies * Landkreditt (mortgages) * Gjensidige (insurance, not solely agricultural) * Felleskjøpet (farming equipment retailer) * GENO (breeding and insemination of cattle) * Norsk Kjøttfe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Property
Public property is property that is dedicated to public use. The term may be used either to describe the use to which the property is put, or to describe the character of its ownership (owned collectively by the population of a state). State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities. Differences from private property American economist Armen A. Alchian explored what distinguishes public property from private property, concluding that a unique difference lies in the limitations put on its alienability. That is, a crucial feature of public property lies in the inability of their owners to sell or grant them to others. According to Alchian, private property is that which can be transferred at the discretion of its owners, whilst public property is that which cannot. Consequently, because of the absence of exchange in much of what is public propert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Posten Norge
Posten Bring, formerly Posten Norge (), is the name of the Norway, Norwegian mail, postal service. The company, owned by the Norwegian Ministry of Transport and Communications, had a monopoly until 2016 on the distribution of letters weighing less than throughout the country. There are 6 post offices in Norway, in addition to approximately 1400 sales outlets. History Posten was founded in January 1647 as Postvesenet () by general postmaster Henrik Morian. It was established as a private company, and King Christian IV gave his blessing to its founding. Postvesenet was privately run until 1719 when the state took over. From that point on, the national postal service was a state monopoly. Local city postal services remained private, but in 1888, a new postal law was introduced that expanded the monopoly to the entire country. In 1933, Postvesenet was renamed Postverket. In 1996, Posten Norge BA was established as a state-owned company where the Norwegian state had limited liability ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postbanken
Postbanken (lit. The Postal Bank) was a Norwegian postal savings bank. The bank offered its services through the Norwegian post office. It was first merged into DNB ASA as a subsidiary, and then dissolved in 2011. History Postbanken was founded in 1948 after major political battle as Norges Postsparebank with the goal to incurate to savings, though the maximum amount allowed to be saved per person was set to NOK 10,000. In 1948, the bank had services provided at 3,600 post offices and post outlets. The first loans were often large and given to investments in rural areas. Until 1999, the bank was owned by the Government of Norway The Council of State () is a formal body composed of the most senior government minister (government), ministers chosen by the Prime Minister of Norway, Prime Minister, and functions as the collective decision-making organ constituting the Go ..., but then it was merged with DnB NOR. The bank dissolved in 2011. In 2001, the Postal Giro Syste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
