IBZ International Bibliography of Periodical Literature on the Humanities and Social Sciences

This article argues that the general location of the registered office of a company without a physical business address in a Member State, accompanied by a digital business address, should qualify a corporate seat as “virtual”. Moreover, the concept of the virtual corporate seat should essentially be seen as a modernized version of the model developed under the substantive company law of some Member States when two separate concepts – the general location of the company’s registered office in that Member State and the domestic business address – are used to determine a fully fledged notion of the corporate seat. The article further addresses the key functions that the virtual corporate seat should perform on an EU-wide, cross-border basis that are typically delivered by the traditional (physical) registered office. It also considers the major challenges that lie ahead of the innovative concept of the virtual corporate seat, chief among which is ensuring proper communication with the company while maintaining a virtual corporate seat.686.

At the end of 2012, Lithuania introduced a new type of limited liability company form for small and medium-sized business - the small partnership. Based on a comparative approach, lawmakers modelled the small partnership as a hybrid entity, assimilating both partnership and corporate-type attributes. This article analyses key features, advantages and disadvantages of the Lithuanian small partnership aiming to evaluate whether the theoretical model of this flexible vehicle for small and medium-sized businesses is functional in practice.