Brreg

@brreg

Brreg

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Joined on Jun 9, 2020

  • Introduction There are some 321 000 limited liability companies in Norway - less than 1000 have their shareholding listed in a securities register. While every company is obliged to keep an updated cap table, the vast majority of companies report shareholding only for tax purposes once a year. Many people believe in a local business or a start-up, but few have the energy and insights to invest. What energy might be released if more people were able to take part in financing ideas they believe in. By providing infrastructure, we hope to establish a platform that makes ownership transparent and lower the risks of engaging with small and mediums sized enterprises. Doing so is part of a broad effort to make capital more efficient, for example, by making shares liquid, allowing their use as collateral and link loans, mortgages, and payments direct to shares and share transactions. In the process, it is quite possible to imagine a greatly simplified public reporting where regulators may themselves access the required data - and a greatly simplified corporate governance involving share loyalty programs, the payment of dividends and voting. In short, the platform may serve to open and democratizing the unlisted markets for new groups of investors. Norwegian limited liability companies must have a share capital of at least NOK 30,000 assigned to one or more shares, each of identical nominal value. The total share capital, the number of shares, and their nominal value is stated in the company's articles of association. All limited liability companies shall have a register of shareholders unless the company's shares are registered in a securities register. The cap table shall contain an overview of the company's shareholders, and it will typically determine who may exercise shareholder rights, including the right to vote at the general meeting and the right to receive dividends. The cap table is, in principle, public - insight should not be denied. What is a cap table?
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