Version abbreviationEVRK 2 red. Valid from, Valid until, Download classification PDF XLS XML. Version abbreviationEVRK red. The classification used is: NACE 2 red. Classification of Economic Activities of the European Community. EVRK 2 red. Ekonominės veiklos rūšių klasifikatorius. EVRK, in press: Ekonominės veiklos rūšių klasifikatorius (EVRK), 2 redakcija. Retrieved from: /klasifik /EVRK/
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Partnerships in Lithuania may be of two legal forms types: Incorporation agreement is a public document.
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Law on Associations of the Republic of Lithuania sets procedures of management, operation, reorganization and liquidation of associations. Before registration of such a legal type of a company, one must evaluate all pros and cons.
Shares of such company shall be ebrk and traded in stock exchange publicly, according to public circulation of securities legislation. Sales revenues in excess of 3.
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Enterprises of all forms are divided into limited and unlimited liability companies. Small partnership may have from 1 to 10 partners natural persons.
Two companies or other legal entities, which have their central administrations in different EU member states, or two natural persons who have evrkk principal activities in different EU member states, or a company or other legal entity, the central administration in one EU member state and the person who has his principal activity in another EU member state.
The most important decisions, including the formation of the executive body, shareholders adopt by voting, and the number of votes directly depends on the shares held.
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The company is leading its activities based on its Articles of Association, which is its major legal document. The Articles of Association is the document by which the KB is egrk in its activities.
EEIG members may be companies and other legal persons with a registered office and central svrk in the territory of the EU. Each KB founder must become a member. Any member of the group may transfer his part to another Group member or a third party, fully or partially, but only with a unanimous agreement of the other Group members.
Institutions may act in social, educational, scientific, cultural, sports, business support or other similar areas; institution can generate income for the activities provided for in the articles of association of public institutions, but it may not distribute the profits to its shareholders the ownerso most of the revenue is used to develop the core business; Institution can receive charity in the form of material and financial support.
The official address must be in the EU. Sole proprietorship and general partnerships are considered as unlimited liability companies, however, all verk forms types of enterprises are limited liability companies.
SE keeps accounting of one company, so you can reduce administration costs, legal expenses, which are resulted in due to differences in the legal environment.
Small partnership is a limited liability private legal entity. According to the management form approved in its Articles of Association, the SE can be controlled in accordance with a two-tier or one-tier management system. Any natural and evrm persons of the Republic of Lithuania and from abroad, who have legally purchased at least one share of this company become shareholders of a company.
Law on Limited Liability Ecrk sets that, at incorporation of a AB, the initial contributions for the signed shares payable only in cash to the savings account of the founded company. EEIG members can also be natural persons engaged in industrial, commercial, craft or agricultural activity or who provide professional or other services in EU. Company management bodies are as follows: Therefore, EEIG is not allowed:.
The authorized capital is divided into fvrk. Any natural and legal persons from the Republic of Lithuania and abroad may become members of a KB. Its members contribute funds to form its capital, share risks and benefits according to the goods and services turnover in the company, and actively participate in the management of the KB. Benefits of evr partnership are as follows: As for the number of members of the EEIG must consist of at least: Incorporation, reorganization and liquidation, management and performance, rights and duties of its shareholders, are regulated by Law on Limited Liability Companies of the Republic of Lithuania.
Therefore, the partners establishing this type of a company, must prepare the agreement very thoroughly. A Co-operative company KB is a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically economic, social and cultural, established by natural and or legal persons according to the laws.
AB authorized capital shall not be less than 40 thousand EUR. That means, partners are not liable for obligations of the small partnership personally. Meanwhile, the limit of their liability extends only to the face value of their shareholding. A member of KB in accordance with obligations of the KB is liable by his share payable in the company.