Concept, Types and Business Forms of Companies in Ukraine, Lithuania and Other European Union Member States

Abstract

The research identifies the nature, types and forms of companies in Ukraine in comparison with the legislation on companies in Lithuania and other EU Member States and studies the necessary changes to the legislation of Ukraine. In particular, the author:(1) discloses the history and essence of the company as a form for running a business;(2) identifies the typology of companies existing in the business market;(3) highlights the specificity of the Ukrainian and European companies’ functioning in the different business forms. In the light of achieving the goals of the study, recommendations for further improvement of Ukrainian corporate legislation are elaborated to build an optimal model for the development of domestic corporate law and propose approaches to modify the corporate law regulation in a way of the adoption of a new legal act for determining the partnership’s status, the abolishment of the outdated concepts and ambiguous provisions.