{{Short description|Type of municipally owned corporation in Norway}} {{Italic title}} A '''{{lang|no|kommunalt foretak}}''' or KF (English: "municipal enterprise") is a Norwegian company type. Specifically the term relates to an undertaking owned by a municipality.<ref name=snl>{{cite encyclopedia|title=kommunalt foretak|encyclopedia=Store norske leksikon|date=11 September 2023 |editor=|publisher=|location=|url=http://www.snl.no/kommunalt_foretak|language=Norwegian|accessdate=4 February 2024}}</ref> An equivalent enterprise owned by a county is known as a '''{{lang|no|fylkeskommunalt foretak}}''' or FKF ("county enterprise"). Each KF and FKF has its own separate board of directors and a managing director, but the undertakings are not limited liability companies. Municipalities and counties are also permitted to own limited companies.
If more than one municipality and/or county is the owner, the company is instead classed as an '''{{lang|no|Interkommunalt selskap}}''' or '''IKS''' (in English: '''Intermunicipal company''').<ref>{{cite encyclopedia|title=interkommunalt selskap|encyclopedia=Store norske leksikon|date=29 June 2021 |editor=|publisher=|location=|url=http://www.snl.no/interkommunalt_selskap|language=Norwegian|accessdate=4 February 2024}}</ref> It resembles very closely a '''Municipal Enterprise''' (''Kommunalt foretak'') or County Enterprise, but the IKS requires multiple municipalities and/or counties to be owners. The organization is regulated by the ''Municipal Act''. Typical activities organised as IKS's include waterworks, archives, museums and garbage disposal.
== See also == * Local federation, a similar organization in Sweden
==References== {{Reflist}}
{{Norwegian type of company}}
Category:Types of companies of Norway
{{business-stub}} {{Norway-gov-stub}}