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Aktiebolag

Encyclopedia : A : AK : AKT : Aktiebolag


Business law
Business organizations
Common law business forms:
Sole proprietorship
Partnership  · Corporation
General partnership
Business trust
Statutory business forms:
Limited partnership
Proprietary limited company
Public limited company
Limited liability partnership
Limited liability company
Civil law corporate forms:
AB  · AG  · ANS  · A/S  · GmbH
K.K.  · N.V.  · OY  · S.A.
EU law:
SE  · SCE
Doctrines
Corporate governance
Limited liability  · Ultra vires
Business judgment rule
De facto corporation and
corporation by estoppel
Piercing the corporate veil
Related areas of law
Contract  · Civil procedure
Aktiebolag is the Swedish term for a corporation, i.e. a company that has stocks. When used in company names it is abbreviated AB in Sweden and Ab in Finland.

The Finnish language equivalent is osakeyhtiö, or Oy. The German and Norwegian equivalents would be Aktiengesellschaft (AG) and Aksjeselskap (AS), respectively, which is literally a translation of the Swedish term (or vice versa); the British would be Limited company (Ltd.); the Americans call it corporation (Inc.).

Companies that are on the Swedish stock markets provide public stock, and their legal name is AB (publ) in Sweden (although the term "publ." is never used in common trading). This to differentiate them from companies that do not offer public stock. Even small companies, such as one-man companies, can be structured as stock companies. In Finland, Abp is a company listed on the Helsinki Stock Exchange.

The abbreviation has been so common that it is commonly seen within company names. SAAB (Svenska Aeroplan AB) is one well known example. Others are Abloy (AB Lås OY) and Peab etc.

 


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