Can business in Lithuania change it’s legal entity type?

Indeed, it is possible for a company in Lithuania to alter its legal entity form. This transition entails several actions, such as seeking advice from experts, establishing a new entity, moving assets and operations, dissolving the previous entity, and informing stakeholders. The procedure may differ based on the existing and desired business structures and regulations. It is essential to seek guidance from professionals and guarantee that all steps are executed accurately to prevent serious legal and financial consequences.