(ENK) is a type of sole proprietorship in Norway. The company is considered part of the personal assets of the owner, who holds the full juridical and economic liability of the company. The sole proprietorship entity holds a number of advantages, such as that there is no minimum

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

, requirements for

auditing An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

or registration fee at the

Brønnøysund Register Centre Brønnøysund Register Centre (Norwegian Bokmål: Brønnøysundregistrene; formal name Registerenheten i Brønnøysund, Norwegian Nynorsk: Brønnøysundregistra) is a Norwegian government agency that is responsible for the management of numerous ...

. Sole proprietorships do not have to have the two or three letter corresponding company type in the official company name. Instead they are required to have the

surname In some cultures, a surname, family name, or last name is the portion of one's personal name that indicates one's family, tribe or community. Practices vary by culture. The family name may be placed at either the start of a person's full name ...

of the proprietor somewhere in the company name.

References

Norwegian words and phrases Types of companies of Norway {{Norway-company-stub