The process of registering a company
- Deciding on the corporate form
- Deciding the company name
- Conversion of the corporate form
Choice of the corporate form
There are mainly four corporate forms you need to be aware of in Norway. Two with limited liability and two without. Corporate forms with limited liability, limited liability companies:
- Private Limited Companies (AS)
- Co-operatives (SA)
Corporate forms without limited liability, partnerships:
- Sole proprietorship
- General partnership (ANS/DA)
It is only the Private Limited Companies (AS) with legal capital requirements. All corporate forms besides Sole proprietorship have a lot of formal requirements and for all corporate forms except Sole proprietorship, you may have more than one owner.
If you are in doubt as to which corporate form suits you and your company, NJORD’s lawyers can assist you in deciding on the corporate form that best suits your start-up company.
Deciding the company name
Deciding on a good company name is necessary to make you visible in the market. It is hard to find good company names that are not already taken and at the same time fit your business personality. NJORD’s lawyers can give you advice regarding company name(s) and how to protect these.
The registration process depends on the chosen company form. New companies are registered on Altinn.no and will usually require the board to also apply for Norwegian D-number.
Conversion of the corporate form
Sometimes, it may subsequently be advantageous to convert the corporate form. Different rules apply, depending on the corporate form in question. Thus, NJORD Law Firm recommends that you seek legal advice if you want to change the corporate form, including company structure. At NJORD Law Firm, you can also receive advice on how to protect your trademarks, company name(s), patents, designs and copyright. We also provide assistance concerning the Norwegian Marketing Practices Act, including trade secrets.
NJORD Law Firm has a track record in domestic and cross-border M&A and has seen a recent uptick in private equity and venture capital investment work. Spearheaded by Jens Christian Dreyer, the group also receives equity fundraising, corporate restructuring and shareholder instructions; it has particular experience in drafting shareholder agreements for its cross-sector client roster.
Great and competent team. They prioritise getting to know the client in order to get a full understanding of the company needs and provide the best legal advice. NJORD had advised us on different legal aspects of our business, always with great professionalism and competence in a way that fully met our needs.
NJORD Law Firm provides ‘a high level of expertise’ paired with ‘valuable advice’ and ‘excellent and professional service level’. Lars Lokdam and René Lykke Wethelund are key contacts for M&A work; Lokdam advised Philips on its sale of Philips BioCell through a management buy-out, and Wethelund assisted Enghouse Systems with its purchase of shares in SimaTech. Jens Christian Dreyer leads the team and is ‘very reliable’ and accessible 24/7’