Latvia: Types of Company
A General Partnership is a company in which two or more partners operate under a common business name, and are united on the basis of the company agreement. A natural person or legal person may be a member of the partnership. All partners are jointly liable for the obligations of the General Partnership with all of their assets.
Documents needing to be filed with the Registrar include:
- An application to register;
- Notarised sample signatures of those members of the General Partnership who are authorised to represent the company;
- Receipt for the payment of the state fee (LVL100) for recording of the General Partnership in the Commercial Register;
- Receipt confirming payment (LVL24) for the announcement in the official newspaper Latvijas Vestnesis.