Difference From An AS Company
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 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.
Read more about this topic: Selskap Med Begrenset Ansvar
Famous quotes containing the words company and/or difference:
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (1874–1936)
“The paranoiac is the exact image of the ruler. The only difference is their position in the world.... One might even think the paranoiac the more impressive of the two because he is sufficient unto himself and cannot be shaken by failure.”
—Elias Canetti (b. 1905)