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NEW LEGAL FORM – SMALL PARTNERSHIP

Dec 12, 2012
By Dovile Aukstuolyte, Assistant to the Attorney at Law

ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora The 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 mem ...

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