Apskaitos Audito ir Mokesčių Naujienos, No. 8, p. 680, Vasario 27, 2012
5 Pages Posted: 2 Feb 2012 Last revised: 15 Mar 2012
Date Written: February 27, 2012
An analysis of the law of joint ventures (jungtine veikla) and partnerships (tikrosios ukines bendrijos) in Lithuania. Joint Ventures in Lithuania are an import from German law and are type of one-project 'partnership' which, however, is neither an entity nor a company. A partnership (tikroji ukine bendrija) is an entity and a company; it, in contrast with joint ventures, can have employees; it files tax returns and pays income and other tax. (Joint ventures do not have employees, nor do they pay tax.) It is problematic as to whether joint ventures can (legally) have bank accounts or issue invoices.
The proposed law on "mazosios bendrijos" is also analyzed.
Text is in Lithuanian.
Notes: Downloadable document is in Lithuanian.
Keywords: Joint Ventures, Partnerships, Lithuanian company law, Tikrosios ukines bendrijos, jungtine veikla, mazosios bendrijos, jungtines veiklos sutartis
JEL Classification: K24, K29
Suggested Citation: Suggested Citation
Klimas, Tadas, Joint Ventures and Partnership (In Lithuanian) (February 27, 2012). Apskaitos Audito ir Mokesčių Naujienos, No. 8, p. 680, Vasario 27, 2012. Available at SSRN: https://ssrn.com/abstract=1997084 or http://dx.doi.org/10.2139/ssrn.1997084