Small Partnership Company Form as a Vehicle for Small and Medium-sized Businesses in Lithuania: Is the Theoretical Model Effective in Practice?

Mikaloniene Lina ()
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Mikaloniene Lina: Assoc. professor, Faculty of Law, Vilnius University, Lithuania. E-mail:lina.mikaloniene@tf.vu.it. Acknowledgments: This research is funded by a grant (No. MIP-020/2015) from the Research Council of Lithuania. The article is based on my presentation at the 6th CECL Conference “Company Law Reform in Central and Eastern Europe: Legal Borrowing, Leapfrogging, and Innovating for a Competitive Regulatory Environment” held on 9–10th June 2016 in Warsaw, organized by the Centre for European Company Law and Allerhand Insitute.Faculty of Law, Vilnius UniversityVilniusLithuania

European Company and Financial Law Review, 2018, vol. 15, issue 1, 101-122

Abstract: At the end of 2012, Lithuania introduced a new type of limited liability company form for small and medium-sized business – the small partnership. Based on a comparative approach, lawmakers modelled the small partnership as a hybrid entity, assimilating both partnership- and corporate-type attributes. This article analyses key features, advantages and disadvantages of the Lithuanian small partnership aiming to evaluate whether the theoretical model of this flexible vehicle for small and medium-sized businesses is functional in practice.

Date: 2018
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DOI: 10.1515/ecfr-2018-0004

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