Business transfer solutions in Lithuania
The act of transitioning control from one management entity to another, which is called a business transfer, involves different ways. Whether it is changing ownership, assets, moving the business, or transferring share capital, each of these methods results in significant changes for the people involved with the company.
Our business transfer solutions
Our business transfer solutions offer thorough strategies to help with different aspects of transitioning a business in Lithuania. This includes changing ownership, assets, moving operations, or handling share capital. We provide customized solutions to meet your individual needs and objectives.
Transfer business ownership
We provide a solution for transferring business ownership in Lithuania, which includes shifting control and decision-making authority from one owner or group to another. This involves legal agreements and negotiations to facilitate a smooth transition of ownership rights, responsibilities, and assets. Possibilities for the transfer may involve selling the business, passing ownership to family members or employees, or merging with another company.
Transfer business assets
The process we use for transferring business assets in Lithuania involves moving or sharing both physical and non-physical assets between different entities. These assets include items such as real estate, machinery, goods, patents, client agreements, and reputation. By carefully recording, assessing, and following legal protocols, we guarantee the correct and secure handling of assets during the transfer.
Move business to new location
For businesses seeking to move to a different location, we provide a thorough solution. This includes meticulously organizing and managing the relocation of operations, whether it is within the same city, across the country, or internationally. Our method aims to reduce interruptions to business activities, keep customers, and guarantee a seamless transfer of assets, employees, and services to the new site.
Transfer share capital
In Lithuania, our method of transferring share capital simplifies the process of buying, selling, or transferring ownership interests in a business through share exchanges. This can be done privately among current shareholders, through stock exchange public offerings, or as part of mergers and acquisitions. We guarantee compliance with securities laws and shareholder agreements to manage the impact that transferring share capital has on ownership structures and voting rights in the company.
Transfer agreement and documents
A Business Transfer Agreement (BTA) is a contract that allows one company to transfer all of its assets and liabilities to another. To begin this process and set up a meeting at the notary’s office, the following documents must be provided:
- Passport
- Utility bills of the company such as an electric bill or phone bill
- A document providing all of terms and conditions for business transfer
Further documentation may be required depending on the specific situation.
We provide help in gathering all required documents and determining crucial elements like market value, payment process, and transfer date.
Key points of business transfer in Lithuania
When organizing a transition of leadership in Lithuania, keep the following factors in mind:
1
Assess your company’s actual worth
Evaluating the true value of your company requires a thorough assessment of different elements such as financial performance, assets, liabilities, market position, and growth prospects. By determining the market value and potential selling price, you can make well-informed decisions about the future of your business.
2
Evaluate options for passing the organization
Consider different possibilities for transferring ownership of the organization, such as selling the business, passing it on to family members or employees, merging with another company, or attracting outside investors.
3
Time consumed
Please note that the transfer of ownership in Lithuania may require up to 5 years, therefore it is important to plan ahead and allocate enough time for discussions, legal processes, and the handover.
4
Understand taxes of enterprise handover
Learn about the taxes related to transitioning a business in Lithuania, which include state fees for documents transferring ownership of specific goods and for selling a part of a business.
5
Identify possible buyers
Find possible purchasers for your company in Lithuania, such as individuals, corporations, or investment firms who are looking to buy or invest in your company.
6
Evaluate financing options
Look into different ways to finance the handover process, such as funding part of the deal yourself or obtaining financing from new management or investors, particularly if you plan to stay involved with the company post-transaction.
By taking these factors into account and setting up appointments with legal experts, you can confidently navigate the challenges of transferring a business in Lithuania and guarantee a smooth transition for everyone involved.
Transfer business with us
In Lithuania, we collect the necessary information based on your requirements and preferences, and provide a quote accordingly. Our team can help you plan the property handover process in Lithuania. Before transferring control in Lithuania, our experts will conduct a thorough evaluation of the third-party company. Contact our team of professionals in Lithuania for further details and assistance.
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