Organisation and roles in general partnerships
The partners' meeting may elect a board of directors that will have overall responsibility for operations. In addition to the chairman of the board, the board may consist of ordinary board members and deputy members. Everyone who is elected as a board member must be registered with the Brønnøysund Register Centre on a coordinated register notification, and the minutes from the partners' meeting showing the election of the board must be attached. All board members, or deputy members, must confirm that they are taking on the role by signing a coordinated register notification when the notification is sent.
The default rule is that all participants have a signature individually. If a board has been elected, the board will have a signature jointly. Having a signature means that the partners, or the board, can commit the company externally to third parties. If you want to make changes to this general rule, the partners' meeting, or the board, can give named people or specific roles access to sign on behalf of the company. For example, the chairman of the board alone can be given the right to sign for the company, possibly jointly with someone else. This is called signature right and must be reported to the Brønnøysund Register Centre on the Coordinated register notification. The minutes from the partners' meeting must be attached and here it must be clearly stated who has been assigned a signature right. The same applies if the board wishes to award power of procuration.
If the company chooses to hire a general manager, it is the general manager who is responsible for the daily operation of the company. The general manager must confirm the role by signing a coordinated register notification when the enterprise registers a new general manager. Minutes from the partners' meeting showing the appointment must be attached, unless all the partners have signed the form.
In the event of changes in the composition of the partners, the partnership agreement must be updated so that the partnership agreement is updated in accordance with the changes. The change must be reported to the Brønnøysund Register Centre in the Coordinated register notification, and new, existing and departing participants must sign the notification. An updated partnership agreement must be attached.
If you have fewer than two participants, then the enterprise must be deleted. The remaining partner may continue to operate in a sole proprietorship, or a private limited company, if desired. This means a new registration of a sole proprietorship or private limited company.