Online shop laws in Latvia
Before making your chosen online product purchase, it is wise to ensure that the transaction is protected. It is also wise to be aware of your legal options if the merchant disregards your protections as a customer. The concept that a deal is established digitally sets it apart from a sales agreement that has been […]
Required licenses for health and social services business in Latvia
Medical facilities, healthcare providers, and support personnel must register following the national regulatory legislation to provide healthcare services. Additionally, medical facilities must adhere to the stated standards. Medical facilities that have a contract with the state for the provision of such services provide state-funded healthcare services. Healthcare providers and support personnel Healthcare professionals are those […]
Latvian Limited Liability Company Restructuring
Transformation is a process in which one type of company (the company being converted) is converted into another type of company (the acquiring company). In the event of transformation, all rights and scores of the company to be converted shall be transferred to the acquiring company Members of the company to be converted shall come […]
Comparison of business types in Latvia
In Latvia, there are different ways to run a business. The main things that make them different are the amount of equity, the liability of the company, and how profits are shared. This means that businesses are put into groups based on how they are different. Legal Person In every business, there is a legal […]
Guide on avoiding cash flow problems
The net balance of money coming into and going out of a firm at a particular period is referred to as cash flow. A firm continuously receives and expends money. For instance, when a merchant buys the stock, cash flows out of the company and goes to its suppliers. On paperwork, a high number of […]
Best accounting software in Latvia
If you own a company in Latvia, bookkeeping software is required to precisely maintain your company’s monetary wellness. Of course, the application you select must be directly proportional to the magnitude and complexity of your firm. There are more budgeting system options accessible in the country than ever before, with prices to suit any budget. […]
Reasons why businesses need an insurance
It’s crucial to have the proper small company insurance. You can use it to protect yourself from a decline in sales, natural calamities, and even unanticipated emergencies. Running a business has risks such as an employee getting hurt at work, a natural disaster destroying property, or a client suing you for a breach of contract. […]
Change of legal address of Sole trader in Latvia
A sole trader is a person who runs a business venture alone, therefore in Latvia changing the legal address of the sole trader means the new address is implemented in the commercial register by applying for an entry. The document essential for submission are: An application form (KR18) A copy of the receipt, online bank […]
How to grow small businesses
A tiny business must work hard to expand. It is among the most difficult obstacles that individuals must overcome to escape the daily grind of a 9-to-5 job. Your small business’s success depends on your efforts to increase revenues utilizing a variety of techniques. Every facet of your organization, from marketing to employee training, demands […]
Required licenses for the manufacturing industry in Latvia
Manufacturing is the process of creating or producing goods employing labor, equipment, instruments, pharmacological or microbiological treatment, or composition. The secondary industry of the Latvian economy is supported by it. The main Latvian exports include furniture and wood products, electronics, hardware, steel, textiles, and consumables. The manufacturing of chemicals and medications has grown more and […]