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the revenues of the company. Typically someone representing N% of the revenues of a BA company will receive N% of the profits (standard consumer co-operative distribution of profits). The
Legislation Department of the Norwegian Ministry of Justice and the Police have indicated that a minor percentage of profits distributed based upon ownership may still be accepted.
882:. In the latter case, the limitations and legal framework is set out in the of 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"
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The most notable difference between a regular limited company (AS) and a BA is that while the distribution of profits in an AS in general follows the ownership (N% of the shares receive N% of the distributed profits), the distribution of profits in a BA must in general follow the members shares of
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Charitable incorporated organisation (England and Wales)
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872:-based limited company, the BA is structured either as a
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for limited companies based on a co-operative structure.
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The most prominent uses of BA companies are in local
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923:. All of these have been converted to AS's.
757:. Unsourced material may be challenged and
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821:Learn how and when to remove this message
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406:Limited liability limited partnership
321:Industrial and provident society
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503:Gesellschaft mit beschränkter Haftung
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1094:This business-related article is a
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548:Société à responsabilité limitée
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848:Company with limited liability
770:"Selskap med begrenset ansvar"
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886:Difference from an AS company
1198:Types of companies of Norway
1151:. You can help Knowledge by
1098:. You can help Knowledge by
903:retail cooperatives and the
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288:UK / Ireland / Commonwealth
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21:This article is part of
1208:Norwegian company stubs
907:. Formerly a number of
267:Societas unius personae
129:General corporate forms
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846:. Meaning literally
751:improve this article
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247:Societas cooperativa
999:Enkeltpersonforetak
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192:Shell corporation
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811:November 2021
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