Kommunalt foretak or KF, in English: Municipal Enterprise is a type of enterprise owned by 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...

 municipalities

Municipalities of Norway

Norway is divided into 19 administrative regions, called counties , and 430 municipalities...

. Fylkeskommunalt foretak or FKF, in English: County Enterprise is an equivalent enterprise owned by a county

Counties of Norway

Norway is divided into 19 administrative regions, called counties . The counties form the primary first-level subdivisions of Norway and are further divided into 430 municipalities...

. KFs and FKFs offer no limited liability

Limited liability

Limited liability is a concept where by a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. If a company with limited liability is sued, then the plaintiffs are suing the company, not its...

 for the owner, though they do have a separate board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 and a managing director. If more than one municipality and/or county is owner, the company is instead an Intermunicipal company (IKS), . Municipalities and counties are also free to own limited companies

Aksjeselskap

Aksjeselskap is the Norwegian term for a stock-based company. It is usually abbreviated AS or A/S, especially when used in company names. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital...

.