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Aktiebolag (Swedish pronunciation: [ˈâktsɪɛbʊˌlɑːɡ] , "stock company") is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated AB (in Sweden), Ab (in Finland), or A/B (for some older companies), roughly equivalent to the abbreviations Ltd. and PLC . The state authority responsible for registration of aktiebolag in Sweden is called the Swedish Companies Registration Office.
All aktiebolag are divided into two categories: private limited companies and public limited companies. The name of a private limited company may not contain the word publikt ("public") and the name of a public limited company may not contain the word privat or pvt. ("private").
A public limited company (publikt aktiebolag) is legally denoted as "AB (publ.)" in Sweden or "Abp" in Finland. A Swedish public limited company must have a minimum share capital of 500,000 Swedish kronor and its shares can be offered to the general public on the stock market.The suffix "(publ.)" is sometimes omitted in texts of an informal nature, but according to the Swedish Companies Registration Office, "the name of a public limited company must be mentioned with the term (publ.) after the business name in the articles of association and elsewhere", unless it is clearly understood from the company’s business name that the company is a public limited company.
For a private limited company in Sweden (privat aktiebolag), the minimum share capital is 25,000 Swedish kronor. The main Swedish statutes regulating limited companies are The Companies Act (Aktiebolagslagen (ABL) 2005:551) and The Limited Companies Ordinance (Aktiebolagsförordningen 2005:559). The law provisions in ABL stipulate that parent companies and subsidiaries are separate legal persons and legal entities.
The abbreviation AB is seen in company names such as EA Digital Illusions CE AB, Ericsson AB, MySQL AB, Mojang AB, Spotify AB, Scania AB, Hi3G Access AB, and originally, Svenska Aeroplan AB (SAAB). Other companies have included this into their abbreviated trading name, for example SSAB AB (formerly Svenskt Stål AB), HIAB (Hydrauliska Industri AB), ESAB (Elektriska Svetsnings-Aktiebolaget) and LKAB (Luossavaara-Kiirunavaara Aktiebolag).
The term aktiebolag is also used in Finland Swedish, alongside the Finnish osakeyhtiö; the choice and ordering of terms tends to indicate the company's primary working language.
A public limited company is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public, with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies. Public limited companies will also have a separate legal identity.
S.A. or SA designates a type of public company in certain countries, most of which have a Romance language as its official language and employ civil law. An SA is roughly equivalent to a public limited company in United Kingdom company law and a public company in United States corporate law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were therefore paid to whoever held the certificate. Share certificates could be transferred privately, and therefore the management of the company would not necessarily know who owned its shares.
A Gesellschaft mit beschränkter Haftung, meaning "company with limited liability", is a type of legal entity very common in Germany, Austria, Switzerland, and Liechtenstein. It is an entity broadly equivalent with the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes the fact that the owners of the entity are not personally liable or credible for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH, and gGmbH for non-profit companies.
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a government of a new city or town.
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided in public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.
A foundation is a category of nonprofit organization or charitable trust that typically provides funding and support for other charitable organizations through grants, but may also engage directly in charitable activities. Foundations include public charitable foundations, such as community foundations, and private foundation, which are typically endowed by an individual or family. However, the term "foundation" may also be used by organizations that are not involved in public grantmaking.
Osakeyhtiö, often abbreviated to Oy, is the name for a Finnish limited company. The Swedish name is Aktiebolag, often abbreviated to Ab. The Swedish abbreviation is sometimes included, as in Ab Company Oy, Oy Company Ab, or Company Oy Ab. The abbreviations have been styled in many ways, such as Oy, OY, O.Y., or even O/Y. The English form is Ltd.
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the LLC in the United States, private company limited by shares in the United Kingdom, GmbH in Germany, société à responsabilité limitée in France, and sociedad de responsabilidad limitada in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company.
Aktiengesellschaft is a German word for a corporation limited by share ownership whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland, and South Tyrol for companies incorporated there. It is also used in Luxembourg, although the equivalent French language term société anonyme is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company".
Naamloze vennootschap or Société anonyme (SA) is a type of public company defined by business law in the Netherlands, Belgium, Indonesia, and Suriname. The company is owned by shareholders, and the company's shares are not registered to certain owners, so that they may be traded on the public stock market.
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
Aktieselskab is the Danish name for a stock-based corporation. An aktieselskab may be either publicly traded or private.
A besloten vennootschap, or Société à responsabilité limitée (SRL), is the Dutch and Belgian version of a private limited liability company. The company is owned by shareholders, and the company’s shares are privately registered and not freely transferable. It is the most common form of limited company in the Netherlands and Belgium.
There are three types of business entity in Russia: private limited companies, joint-stock companies, which may either be public, open (OJSC) or private, closed (PJSC), and partnerships (товарищество).
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company.
Akciju sabiedrība is a Latvian word for a legal form of a corporation in Latvia. In English, the Latvian term akciju sabiedrība is translated as stock company by the Commercial Law of Latvia. In Latvia, stock companies are being registered by the Register of Enterprises of Latvia.