Open AccessLegal and Economic Reglamentation Aspects of Individual Enterprise Functioning
Author(s) -
Dalia Perkumienė,
Vida Čiulevičienė
Publication year - 2008
Publication title -
ekonomika
Language(s) - English
Resource type - Journals
eISSN - 2424-6166
pISSN - 1392-1258
DOI - 10.15388/ekon.2008.17647
Subject(s) - lithuanian , business , law and economics , industrial organization , law , political science , economics , philosophy , linguistics
The operation of individual enterprises established in Lithuania was regulated by various separate laws which caused much inconvenience. Therefore, the Lithuanian law on individual enterprises entered into force on 1 January 2004. The article aims to present the outstanding peculiarities of an individual enterprise as a legal entity which could be considered as advantages and disadvantages. The article considers the individual enterprise before and after the entry into force of the Lithuanian law on individual enterprises.