foretakets

Foretakets is a Norwegian term referring to a business or enterprise, with foretaket meaning “the company.” The possessive form foretakets is used to indicate something belonging to a specific business, for example foretakets regnskaper or foretakets ledelse. The concept encompasses all legal forms of business entities regulated under Norwegian law.

In Norway, businesses may take several legal forms with different liability and governance rules. The most common forms include aksjeselskap (AS), which provides limited liability to shareholders; enkeltpersonforetak (ENK), a sole proprietorship where the owner bears personal liability; and ansvarlig selskap (ANS) or DA (delt ansvar) for partnerships with joint liability. Foretakets obligations include registering with Foretaksregisteret, filing annual accounts, and paying taxes and value-added tax (VAT) where applicable. Accounting standards require annual financial statements and, for larger entities, audit.

Foretaksregisteret, administered by Brønnøysundregistrene, maintains official data on registered foretak, including name, address, ownership, and legal form. Companies are subject to governance requirements in the case of AS, including general meetings and a board of directors; sole proprietorships generally have simpler governance but owners bear full accountability.

Term usage: Foretakets is commonly used in legal contracts, business reports, and notices to denote rights, obligations, or assets attributable to the company. See also Foretaksregisteret, Aksjeselskap, Enkeltpersonforetak, Skatt, Mva.