Limited Liability Company

Establishing a limited liability company (s.r.o.) involves several steps—from drafting the articles of incorporation to registering the company in the Commercial Register and obtaining a business license for the company. That’s why it’s helpful to have a guide on hand explaining the process and the requirements you must meet. What you’ll learn…

Are you starting a new company and not sure what to name it? And what exactly is a business name? We’ll tell you all about it! First, we’ll look at company names from a creative perspective, and then from a legal standpoint. The right name will set your company apart from the competition and help make you memorable. How do you come up with a name…

Are you setting up a limited liability company (s.r.o.) and not sure what the difference is between a managing director and a shareholder? Both roles have different statuses, powers, and responsibilities within the company, yet they can be held by the same person. Learn more about the relationships within a limited liability company and what each…

Are you considering where to register the registered office of your new company or business? Every entrepreneur is required to list a business address in the Commercial Register or Trade License Register. However, you don’t have to use your home address or pay for expensive office space. Read on to learn how a virtual address works, what its pros…

Starting a business involves a lot of paperwork, but that’s what we’re here for. Areyou thinking about using our service to incorporate a limited liability company (s.r.o.) and wondering how the whole process works and what to expect? You’ll find out everything in this article. Here’s what to expect when you decide to start…

Are you planning to start a company or a sole proprietorship and don’t want to list your home address as your registered office? A virtual registered office is a popular choice and a suitable solution, but many entrepreneurs are unsure whether it’s fully legal. We took a look at what Czech law says about virtual registered offices and what…

Whether you’re starting your first sole proprietorship or limited liability company (s.r.o.), or simply want to optimize your business expenses, choosing a business address is one of the most important decisions you’ll make. A virtual office is a modern way to get a professional address, save thousands of crowns a month, and ensure privacy in your…

A tax overpayment can sometimes tempt you to treat it as a nest egg for a rainy day. However, if you don’t request a refund in time, it will expire after six years and the money will be forfeited to the government. A new ruling by the Supreme Administrative Court clearly shows that you must carefully monitor the balance of your tax account yourself…

Do you own a successful company and want to withdraw your profits? There are clear rules and tax implications that must be followed. We’ll guide you through the process of withdrawing funds from your company, from the financial statements to paying taxes. What you’ll learn in this article: How much money can you withdraw as a company…

When Czech startups want to expand into foreign markets, they often face a dilemma: should they establish subsidiaries in each EU country, or move directly to the US (Delaware) for simpler legislation? The introduction of a single pan-European legal form, EU Inc., would remove at least 27 national barriers. What you will learn in this article: …

Do you want to transfer a share in your company more easily than through a notary? Share certificates may be the right solution. In this article you will find out what exactly a share certificate is, how it differs from a regular share, how to transfer it and how to cancel it if necessary. What you will learn in the article: What is a share…

You went to the trouble of coming up with a company name, but now you need to change it. Maybe because it contains the name of a partner who is no longer in your company. There are countless reasons to change your company name, but it's important to know that as the owner, you can change it at any time. So how does changing the company name work? …

Are you in business and looking to finance your own home or investment property? Banks are stricter on business income and often want more documents than they do for employees. What do they really look for, how do they differ, and why will your choice of approach and institution significantly affect your chances of approval? Get an overview of how…

Are you going to set up a limited company and instead of cash you want to put an item, know-how, software or perhaps a business plant into the share capital? We will explain to you in practice how to value and register such a non-cash contribution and what risks may be associated with it. What you will learn in this article: What is a non…

An amendment to the VAT Act came into force on 1 January 2025. It affects taxpayers who have claimed VAT deductions on invoices that have remained unpaid for more than 6 months. Although the amendment has been in force since the beginning of the year, the concrete practical effects will not be visible until July 2025 due to the deadlines. What…

While the major amendment to the Accounting Act has not yet passed final approval, smaller changes are being prepared on an ongoing basis. Under the so-called small amendment, which will be effective from 1 January 2026, the limits for statutory audits will be increased. This will relieve many smaller companies of the administrative burden. …

An electronic signature works like a digital ID card. It can verify your identity, ensure the legal validity of documents and protect digital documents from forgery. For businesses, it saves time, reduces costs and enables them to sign contracts from the other side of the world. What you will learn in this article: When do you need a digital…

The general meeting is the highest body in a limited liability company (a.s., s.r.o.). It decides on the most important issues in the company and usually meets at least once a year. Are you unsure in what situations the law requires a general meeting to be called? Find out more about holding general meetings in a public limited company and a…

There are over 500,000 registered legal entities in the Czech Republic, but 20% of them are not actually doing business. The number of "dormant companies" has declined in recent years, but their owners should beware. What about the tax return for an inactive company with no income? Find out all about zero returns. Business tax returns: what if…

A limited liability company is the most popular type of company mainly due to its simplicity and limited liability of its owners (partners) for liabilities. But how does "limited liability" for debts work in practice? Find out if and what the partners, the managing directors and the company itself are liable for. Bodies in a limited…