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Company formation, registering
One of services offered by sia-registracija.lv is company
formation and registration in republic of Latvia. There are various forms of
entrepreneurship and most popular such as limited liability company,
individual merchant are described in this part of sia-registracija.lv home
page.
sia-registracija.lv offer all necessary information and consultations as
well as preparing all the documents for establishing company in Latvia and
we will help you in all to register your company successfully in register of
enterprises. We will also guide and help you in further operations to
support you with legal and accounting services for successful business.
Most
popular form of merchants is limited liability company (LLC) in Latvia.
Limited Liability Company is company with closed capital and its stock may
not be sold in public like shares of joint – stock company. The most
significant advantage of LLC – liabilities of founders of LLC are limited
and equal to invested amount in LLC capital. This form of entrepreneurship
is used usually by small and medium sized companies.
Individual merchant is also very popular form of entrepreneurship in Latvia.
Individual merchant is individual person who is registered in register of
enterprises as merchant. Individual merchant difference from LLC is that IM
to all liabilities while doing business are responsible with all property he
have and also with property which is not used in business.
IM un LLC general comparison
LLC IM
Status: Merchant
Merchant
Main
capital: Required
Not required
Liabilities: Only
with LLC capital
Own
property
Number of founders: One or
more Only one
Representation of merchant:
Prolong
after 3 years
Permanent
There
are also some difference in accounting and tax field, for example, Corporate
income tax is calculated and paid from profit for LLC but IM is calculate
and pay Individual income tax.
If you
need legal or accounting services or consultations, please feel free to
contact us:
Tel.
(371) 29
112 333 (EN, LV, RU)
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