Tips and advice

Running a business is a big responsibility. Therefore, not everyone can become the CEO of a company. What does such a person have to do and what are his/her duties? Who is a managing director? The managing director is the statutory body of the Ltd. He is therefore responsible for the business management of the company and acts on its behalf (e.g…

Are you starting a new company and don't know what to call it? And what is a company name? We will tell you all about it! First, we will look at the company name from a creative point of view and then from a legal perspective. A suitable name will set your company apart from the competition and help you to be memorable. How to come up with a name…

Setting up a company involves administration that can take weeks. We will tell you how long it takes to set up an LLC and give you tips on how to speed up the process. What affects the speed of setting up a company? The length of time it takes to set up a company depends on the type of company you choose, the speed of the administrative…

Common sense says that the company's headquarters is simply the place where you do business. Legally, it's not that simple. The law makes a distinction between the formal and actual registered office of a business. We'll explain the difference between the two. Formal registered office The registered office is generally considered to be the…

Are you considering starting a business or are you already at the beginning of your entrepreneurial journey? If so, then you shouldn't miss the 5 most common mistakes people make when starting a business. Business and sales specialist, Petr Bernadič from Každý prodává company, brings you 5 steps to help you avoid these mistakes and achieve success…

There are a few formalities you have to go through when starting your business. You must first officially establish the new company or buy a ready-made company that already meets the legal conditions. Read on to find out which option is better suited for your business. Starting a company "on the green field" Starting an LLC means visiting a…

The invoice is one of the basic accounting documents - sooner or later every entrepreneur will come across it. Learn how to issue it correctly to keep your books in order. What is an invoice? An invoice is a commercial document - it is an accounting document for the sale of goods or provision of services. However, an invoice as such is not a…

It is not easy to determine which costs a company can deduct from its taxes. This is proved by the current opinion of the Regional Court in Brno. It recently considered a dispute about the tax deductibility of management services costs - and ruled against the plaintiff company. What rules apply to management services? Management services are…

Enthusiastic ovations, crowds of customers and millions in the bank. None of this comes overnight. The start of the journey to the entrepreneurial dream is usually much more modest. It all starts in the environment of a startup that will (hopefully) grow into a thriving company over time. We'll advise you on how to start one. What is a startup? …

What to look out for when starting a business, who to work with right from the start and what to do to keep everything running as it should? That's what we asked Czech entrepreneurs. Read their answers and make the most of them for your business. The biggest struggle? Taxes and authorities The first part of our survey results comes as no…

Tax returns are a nightmare for many entrepreneurs. You'll make a mistake or two when filling it out. That's why, in addition to the regular tax return, there are amended and supplementary returns. We will advise you when to use them. Regular tax return A regular tax return is a tax return filed by the deadline set by the tax code. You must…

Do you file a tax return? Do you know how to do it? In practice, this obligation applies mainly to entrepreneurs. But if you earned income last year from, for example, selling property, renting out your home, stocks and bonds, or combining several part-time jobs at the same time, you may not be able to avoid it either. Deadlines for…

After the employees have started, you will be expected to handle payroll and regular contact with the authorities. Other formalities are involved when employees leave the company. Read on to find out what to think about. What to do before you start? As a new employer, you cannot do without registering with the tax office, health insurance…

The business is growing, so you decide to hire reinforcements. However, with the first employee comes a fair amount of administration. Here's what to remember. As an employer, you have a number of obligations to: Czech Social Security Administration (ČSSZ),health insurance companies,the tax officeand other institutions. Your first step is…

Starting a business requires careful preparation. However, in order not to make an important step blindly, it is worth mapping out the environment you want to enter with your idea in advance. Strategic analysis methods are used to assess the market situation, which you can use not only when setting up your company, but also for key management…

A business plan will give your idea of a new company a concrete form. It will help you not only in finding investors, but also in starting the business itself. Read on to find out what the plan should look like. What is a business plan? A business plan, or business plan, summarises the basic facts about an emerging business. It also outlines…

The flat tax is still a relative novelty in the Czech Republic. It promises less administration for entrepreneurs - but it pays off only for some. The following lines will help you determine if you are one of them. What is a flat tax? Flat tax is a special type of tax that self-employed people can voluntarily pay from 2021. It is a flat…

Once you've filled in and sent in your tax forms, all that's left to do is pay. But what information to use when paying your taxes? We'll explain the rules to make sure your taxes get where they need to go. Bank account for tax payment The bank account number depends on which specific tax or fee you want to pay. For…

When you register your company, you provide the address where you plan to formally establish your business. However, you can't use any location - there are legal criteria for the registered office too. Read on to find out what they are. What is the purpose of a registered office? The registered office is the place from which you officially run…

Do you plan to trade with countries outside the European Union? Then be sure to register with EORI to avoid problems at the border. Find out exactly what it is and how to get it in this article. What does EORI mean and what is it for? It is a unique identification number used in customs procedures. Every business that…