The reorganization of an Individual Enterprise (changing the legal form)
usually takes about two weeks. When the legal form of an Individual Enterprise changes, all the company’s rights, obligations and responsibilities are taken over by the reorganizated company. The company may remain with the old name, and register a new one as well. The code of the individual company remains the same when it is reorganized.
Reorganization of an Individual Enterprise
You will receive:
Reserved new company name (when the name is changed);
Prepared documents for the reorganization of the IE (Individual Enterprise);
Reserved meeting time at the notary's office;
Company’s stamp.
Additional costs:
“Public announcement”;
Public Institution “Registrų centras” (eng. Center of Registers);
Notary.
You will need:
To submit the documents (Individual Enterprise registration certificate or electronic certified statement, IE regulations, and IE balance sheet);
To sign the prepared company‘s reorganization documents at the notary's office, and deliver the signed documents to the Public Institution “Registrų centras” (eng. Center of Registers).
An Individual Enterprise can be reorganized into:
Limited Liability Company;
Private Limited Liability Company;
Small Partnership company.
Reorganization of an Small Partnership company
Reorganization of an Small Partnership company (changing the legal form) usually takes about two weeks. After the change of the legal form of the Small Partnership company, all the all the company’s rights, obligations and responsibilities are taken over by the reorganizated company. The company may remain with the old name, and register a new one as well. The code of the Small Partnership company remains the same when it is reorganized.
You will receive:
Reserved new company name (when the name is changed);
Prepared documents for the reorganization of the SP (Small Partnership company);
Reserved meeting time at the notary's office;
Company’s stamp.
Additional costs:
“Public announcement”;
Public Institution “Registrų centras” (eng. Center of Registers);
Notary.
You will need:
To submit the documents (Small Partnership company registration certificate or electronic certified statement, SP regulations, and SP balance sheet);
To sign the prepared company‘s reorganization documents at the notary's office, and deliver the signed documents to the Public Institution “Registrų centras” (eng. Center of Registers).
An Small Partnership company can be reorganized into:
Individual Enterprise;
Limited Liability Company;
Private Limited Liability Company;
The real partnership;
Limited partnership;
Cooperative company (cooperative);
Agricultural company;
Public institution.
Reorganization of an Public institution
Reorganization of an Public institution (changing the legal form) usually takes about three weeks. After the change of the legal form of the Public institution, all the all the company’s rights, obligations and responsibilities are taken over by the reorganizated company. The company may
remain with the old name, and register a new one as well. The code of the Small Public institution remains the same when it is reorganized.
You will receive:
Reserved new company name (when the name is changed);
Prepared documents for the reorganization of the Public institution;
Reserved meeting time at the notary's office;
Company’s stamp.
Additional costs:
“Public announcement”;
Public Institution “Registrų centras” (eng. Center of Registers);
Notary.
You will need:
To submit the documents (Public institution registration certificate or electronic certified statement, Public institution regulations, and Public institution balance sheet);
To sign the prepared company‘s reorganization documents at the notary's office, and deliver the signed documents to the Public Institution “Registrų centras” (eng. Center of Registers).
An Public institution can be reorganized into:
Budget office;
Charity Support Foundation.
Reorganization of an Private Limited Liability Company
Reorganization of an Private Limited Liability Company (changing the legal
form) usually takes about two – four weeks. After the change of the legal form of the Private Limited Liability Company, all the all the company’s rights, obligations and responsibilities are taken over by the reorganizated company. The company may remain with the old name, and register a new one as well. The code of the Private Limited Liability Company remains the same when it is reorganized.