Ltd. Gr
LTD. GR (Lithuanian: Ltd. Gr.) is a Lithuanian company name suffix used to denote a limited liability company, registered in Lithuania.
History and Background
The use of LTD. GR as a company name suffix dates back to 1996, when Lithuania adopted its current company law.
- January 1, 1996: Lithuania adopts its current company law, including the use of LTD. GR as a company name suffix.
- January 1, 2000: Lithuania introduces new company registration rules, requiring companies to include the LTD. GR suffix in their names.
Key Concepts
A limited liability company (LLC) is a type of business organization that combines elements of both corporations and partnerships.
- Liability**: The owners' personal assets are protected from business debts and liabilities.
- Limited liability**: The company's liability is limited to its registered capital.
Technical Details
The use of LTD. GR as a company name suffix in Lithuania is regulated by the Company Law.
- Article 10, Section 1: Companies must include the LTD. GR suffix in their names.
- Article 11, Section 2: The LTD. GR suffix must be registered with the Register of Legal Entities.
Applications/Uses
LTD. GR is commonly used as a company name suffix by companies operating in Lithuania.
- Banks**: Many Lithuanian banks use the LTD. GR suffix in their names, such as Liettos Krédito Bankas (Lithuania's Credit Bank).
- Financial institutions**: Other financial institutions, such as insurance companies and investment firms, also use the LTD. GR suffix.
Impact/Significance
The use of LTD. GR as a company name suffix has contributed to Lithuania's economic development by promoting transparency and accountability in business.
- Regulation**: The use of LTD. GR ensures that companies operate within established regulatory frameworks.
- Transparency**: The inclusion of the LTD. GR suffix promotes transparency in company operations and financial reporting.
Related Topics
The use of LTD. GR as a company name suffix is related to Lithuania's business regulations and the country's economic development.
- Economic development**: The promotion of transparency and accountability has contributed to Lithuania's economic growth.
- Business regulations**: The regulation of company names and operations is an essential aspect of Lithuania's business environment.
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