Peculiarities of individual enterprises activity reglamentation in Lithuania

Abstract

El artículo analiza el problema teórico y práctico de las peculiaridades de la reglamentación lituana de la actividad económica de las empresas en vigor desde el 1 de enero de 2004 que trata de ordenar tal actividad hasta ahora regulada por diversas normas que causaban muchos inconvenientes. El artículo analiza la empresa individual como entidad legal con sus ventajas e inconvenientes y tanto antes como después de la entrada en vigaor en 2004 de la nueva reglamentación.

The paper analyses the problem, which is relevant, both theoretically and practically, since it tries to disclose legal and economical peculiarities of individual enterprises activity reglamentation. Until now, operation of individual enterprises established in Lithuania was regulated by various separate laws which caused much inconvenience. As a result, the Law of the Republic of Lithuania on Individual Enterprises entered into force on 1 January 2004. This article aims to present outstanding peculiarities of the individual enterprise as a legal entity which could be considered as certain advantages and disadvantages. The article considers the individual enterprise before and after the entry into force of the Law of the Republic of Lithuania on Individual Enterprises.