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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The most evro decisions, including the formation of the executive body, shareholders adopt by voting, and the number of votes directly depends on the shares held. Benefits of a partnership are as follows: EEIG incorporation agreement must contain: A shareholder of such company risks only by his share in the company, if the business fails.
LEGAL FORMS OF ENTERPRISES
Public institutions may evk founded by natural and legal persons from the Republic of Lithuania and abroad. EEIG members may be companies and other legal persons with a registered office and central administration in the territory of the EU. UAB mandatory management bodies are general shareholders meeting and head of administration. Constituent assembly approves the joint-stock company statutory report, elects audit company, elects members of management bodies, solves other general meeting issues.
Distribution of UAB shares is strictly limited by law, thus the potential resources capital sources for UAB is narrower.
Comandite partners cannot participate in the management of a partnership, i. Company is evk enterprise, whose authorized capital is divided into shares called stock. Therefore, EEIG is not allowed: Sole proprietorship dvrk general partnerships are considered as unlimited liability companies, however, all other forms types of enterprises are limited liability companies. European Economic Interest Grouping is a private legal entity, which aims to help its members to pursue or expand economic activity, to achieve better performance, but its purpose is not to make profits.
Shares of such company shall not be distributed and traded publicly.
Therefore, the partners establishing this type of a company, must prepare the agreement very thoroughly. Company is a limited liability legal entity. 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.
Joint venture agreement must be certified by a notary. Unlimited liability companies are liable for their evek over the company assets, i. Therefore, EEIG is not allowed:. KB has a right to:. Incorporation agreement is a public document. Small Partnership Small partnership is a limited liability private legal entity. Partnerships in Lithuania may be of two legal forms types: For a business related to higher economical risk, it is better to establish a limited liability legal entity- a public limited liability company AB or a private limited liability company UABi.
Small partnership may have from 1 to 10 partners natural persons. EEIG members have unlimited joint and several liability for its debts and other obligations.
In the incorporation of an SE, companies of at least two EU member states must participate. Law on Associations of the Republic of Lithuania sets procedures of management, operation, reorganization and liquidation of associations.
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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. As for the number of members of the EEIG must consist of at least: However, the office may be transferred to another EU member state. Each KB founder must become a member. AB authorized capital shall not be less than 40 thousand EUR. Although the SE requires considerable initial capital, however, this legal form allows to search your company for with the most favorable environment, evtk the fees are paid according to the laws of the state evfk its registered office is.
The Ebrk does not pay income tax, and its performance taxation is transferred to the participants.