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NEW LEGAL FORM – SMALL PARTNERSHIP
- By Dovile Aukstuolyte, Assistant to the Attorney at Law
ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontoraThe Law on Small Partnerships of the Republic of Lithuania (hereinafter – the Law) entered into force on September 1, 2012 creating a new legal form of a company – the Small Partnership.It is hoped that this new legal entity will accelerate the startup of small- and medium-size businesses. The Small Partnership is a legal entity, whose founders can only be natural persons. There can be a maximum of 10 members in a Small Partnership, and for establishing such a company there must be at least one perso...
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