Enkeltpersonforetak is the Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 type of sole proprietorship

Sole proprietorship

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits and has unlimited responsibility for...

. The company is considered part of the personal assets of the owner, who holds the full juridical and economic liability

Legal liability

Legal liability is the legal bound obligation to pay debts.* In law a person is said to be legally liable when they are financially and legally responsible for something. Legal liability concerns both civil law and criminal law. See Strict liability. Under English law, with the passing of the Theft...

 of the company. On the other hand, the sole proprietorship entity holds a number of advantages, such as that there is no minimum equity, requirements for auditing or registration fee at the Brønnøysund Register Centre

Brønnøysund Register Centre

Brønnøysund Register Centre is a Norwegian government agency that is responsible for the management of numerous public registers for Norway...

. Sole proprietorships do not have to have the two or three letter corresponding company type in the official company name. Instead they are required to have the surname

Surname

A surname is a name added to a given name and is part of a personal name. In many cases, a surname is a family name. Many dictionaries define "surname" as a synonym of "family name"...

of the proprietor somewhere in the company name.