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Agricultural company

Agricultural company is a limited liability legal person established by natural and legal persons under an incorporation agreement, where income from agricultural production and services rendered to agriculture constitute over 50 percent of the total income from sales during the business year. There are 2 groups of person participating in the company’s management: members and stakeholders. The company must have at least 2 members.

• Individual enterprise (IĮ)
• A private limited liability company (with the suffix UAB)
• A public limited liability company (with the suffix AB)
• General partnership (TUB)
• Limited partnership (KUB)
• Branch or representative office
• Association
• Co-operative enterprise (KBI)

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