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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 distribution of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the US-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 state law; 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 LLC is a hybrid le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aksjeselskap
''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 Allmennaksjeselskap (ASA), while companies without limited liability are called '' Ansvarlig selskap'' (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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) 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 senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coop NKL
Coop Norge SA 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 ( no, Landbrukssamvirket) consists of 13 companies, each organised as independent farmer owned cooperatives. They cover four different areas for the farmers: refining and sale of produce, financial services, 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 NOK 58 billion and have 18,000 employees. TINE and Nortura are responsible for about a quarter of the revenue each. Though none of the cooperatives hold any 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 Kjøttfeavlslag (breeding of cattle) * Norsvin (breeding and insemination pigs) * Norsk Sau og Gei ... [...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). This is in contrast to private property, owned by an individual person or artificial entities that represent the financial interests of persons, such as corporations. 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 In a paper by Armen A. Alchian, he 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 transferr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian State Railways
Vygruppen, branded as Vy, is a government-owned railway company which operates most passenger train services and many bus services in Norway. The company is owned by the Norwegian Ministry of Transport. Its sub-brands include Vy Buss coach services, CargoNet freight trains and the Swedish train transport company Tågkompaniet. In 2009, NSB carried 52 million train passengers and 104 million bus passengers. On 24 April 2019, passenger train and bus services were rebranded as Vy. The company was established as the Norwegian State Railways (1883–1996). In 1996 the company was split into the new NSB, the infrastructure company, the Norwegian National Rail Administration and the Norwegian Railway Inspectorate. In 2002, the freight operations were split to the subsidiary CargoNet, and the maintenance department became Mantena. It was controversially renamed Vygruppen in 2019; the then-opposition parties vowed to reverse the name change. History On 1 December 1996, the larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Posten Norge
Posten Norge () is the name of the Norwegian postal service. The company, owned by the Norwegian Ministry of Transport and Communications had a monopoly until 2016 on distribution of letters weighing less than 50g throughout the country. There are 30 post offices in Norway, in addition to 1400 outlets in retail stores. History Posten was founded in January 1647 as Postvesenet ("the postal system") by general post master Henrik Morian. It was established as a private company, and King Christian IV gave his blessing to the founding of the company. Postvesenet was privately run until 1719, when the state took over. From that point on, national postal service was a state monopoly. Local city postal services remained private, but in 1888 a new postal law was introduced which 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 in which the Norwegian state had limited liability. In 2 ... [...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, but then it was merged with DnB NOR DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo. The two lar .... The bank dissolved in 2011. In 2001, the Postal Giro System was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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