Comparison of legal entities
| Evaluation criteria | Mažoji bendrija (MB) | Uždaroji akcinė bendrovė (UAB) | Akcinė bendrovė (AB) | Individuali įmonė (IĮ) | Viešoji įstaiga (VšĮ) |
| Number of members | 1 to 10 members (individual persons only) | From 1 (unlimited number) | From 1 (unlimited number) | 1 owner (individual person) | Shareholders (number is not limited) or 1 owner. individual and legal persons may be established. |
| The minimum amount of capital | Not determined, can both monetary contribution and material contribution | 2500€ | 25 000€ | None | Not determined |
| Responsibility | Limited civil liability (company is liable only with its own assets) | Limited civil liability (company is liable only with its own assets) | Limited civil liability (company is liable only with its own assets) | Unlimited civil liability (owner is liable with all his own property) | Limited civil liability (company is liable only with its own assets) |
| Principle of decision making (voting) | 1 member - 1 vote, but when the MB has a manager, the regulations may provide otherwise | If all the voting shares of UAB have the same nominal value, each share entitles its holder to one vote at the general meeting of shareholders. | If all AB voting shares have the same nominal value, each share entitles its holder to one vote at the general meeting of shareholders. | Decisions are made by the owner | Stakeholders make decisions by voting. 1 shareholder -1 vote |
| Accounting | Optional accountant (accounting can also be managed by MB members according to 38 VAS) | Mandatory accountant or contract with an accounting firm | Mandatory accountant or contract with an accounting firm | Optional accountant | Mandatory accountant or contract with an accounting firm |
Source of information: https://www.verslilietuva.lt/verslauk/verslo-formos-ir-mokesciai/juridiniu-asmenu-palyginimas/