(ENK) is a type of
sole proprietorship
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole ...
in
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 ...
.
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, requirements for
auditing or registration fee at the
Brønnøysund Register Centre. 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 of the proprietor somewhere in the company name.
References
Norwegian words and phrases
Types of companies of Norway
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