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  3. Business/Commerce (general)

fåmannsselskap

English translation: close company (UK) / closely-held company (US)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:fåmannsselskap
English translation:close company (UK) / closely-held company (US)
Entered by: Mats Wiman

09:05 Jan 19, 2005
Norwegian to English translations [Non-PRO]
Business/Commerce (general)
Norwegian term or phrase: fåmannsselskap
XXX er et fåmannsselskap som eies med 50% av xxx og med 50% xxxx.
Can "partnership" be used here?
Carole Hognestad
close company (UK) / closely-held company (US)
Explanation:
FAR: swe>eng dictionary
Selected response from:

Mats Wiman
Sweden
Local time: 07:46
Grading comment
Graded automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3close company (UK) / closely-held company (US)
Mats Wiman
4 +2partnership
Per Bergvall
4 +1closely held corporation
stephen mewes


Discussion entries: 1





  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
fåmannsselskap
partnership


Explanation:
Neither I nor Google have heard of 'fåmannsselskap', but assuming it's like an 'enkeltpersonsforetak' (personally responsible owner) but with more than one owner, I am sure partnership would cover it nicely.

Per Bergvall
Norway
Local time: 07:46
Works in field
Native speaker of: Native in NorwegianNorwegian
PRO pts in category: 165

Peer comments on this answer (and responses from the answerer)
agree  Christine Andersen
5 mins
neutral  Adrian MM. (X): unless a limited liability partnership, it cannot be owned. Partners pay in contributions.
4 hrs
agree  Roald Toskedal: I would assume that they mean "Ansvarlig Selskap" ("ANS"), for which "partnerskap" would be an adeqate translation.
2 days 31 mins
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9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
fåmannsselskap
closely held corporation


Explanation:
See links.


    Reference: http://business-law.freeadvice.com/corporations/close_corpor...
    Reference: http://clue-international.com/lookup/?lc=uk&dict=NOUKMX&word...
stephen mewes
United Kingdom
Local time: 06:46
Specializes in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
agree  Joel33
6 hrs
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
fåmannsselskap
close company (UK) / closely-held company (US)


Explanation:
FAR: swe>eng dictionary

Mats Wiman
Sweden
Local time: 07:46
Works in field
Native speaker of: Native in SwedishSwedish
PRO pts in category: 2
Grading comment
Graded automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X): A UK tax, rather than company law, concept. US = close corporation.
57 mins
agree  brigidm: Aagenæs agrees: other US alternatives are:privately-held company, closed corporation, private corporation
8 hrs
agree  Vedis Bjørndal: theses.lub.lu.se/postgrad/search.tkl?field_query1=pubid&query1=law_15&recordformat=display - 7k
3 days 1 hr
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