The general rule is that such a resolution requires a two-thirds majority. The general meeting must then elect a committee of liquidators that will replace the board of directors.
The resolution to dissolve the business shall immediately be reported to the Register of Business Enterprises. The Register of Business Enterprises will then give an announcement of the resolution to inform the creditors.
The creditors must within two months after the last notification direct their claims against the enterprise to the leader of the liquidators.
When the decision to dissolve the enterprise is made out, the enterprise must submit the words “under avvikling” (in the process of liquidation) after the name on all business documents and notices.
The committee of liquidators shall produce a list of all the assets, entitlements and debts and must create a revised balance sheet regarding the liquidation. The balance sheet shall be made available to the shareholders at the company office, A copy of the balance sheet and the auditor's report must be sent to all shareholders with known addresses.
If necessary, the company's assets shall be converted to money for covering debts. Following the debts settlements, and unless otherwise agreed upon by the owners (shareholders), the assets must be converted to money.
Payment to the shareholders can only be done when the time limit for the notification of creditors is expired and the debts are covered. When the shareholders are paid, an audited settlement shall be presented to the general meeting. The general meeting shall accept the settlement and then the Register of Business Enterprises shall be informed about the final dissolution.
Note that dissolving a self-employed business (sole proprietorship) is much simpler: Just tick section 2.4 and add your signature to the Coordinated register notification. The return is submitted to the Brønnøysund Register Centre.