Limited Liability Company

What documents do you need to create a limited liability company? Is 1 EUR sufficient as registered capital? What’s the difference between partner and executive? In these articles you’ll find everything to know for your LLC.


Do you want to start a business, but don't know whether it is better to set up a trade or a company? We have prepared a comparison of the most common forms of business in the Czech Republic! Take a look at the differences, read the advantages and disadvantages and specific practical examples. We hope that at the end of the article you will be clear which…

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On 28 February 2022, the tax portal at adisepo.mfcr.cz ceased to operate and the tax information boxes on this website can no longer be accessed. So where to file your tax return online in 2022? MODERNISED TAX PORTAL MOJEDANE.CZ A year ago, the Financial Administration launched a new tax portal Mojedane.cz and from this year all electronic filings will be…

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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 in this article. CORPORATE INCOME TAX RETURNS: WHAT IF YOUR…

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Are you thinking about getting a ready-made company and want to know what benefits you will get from your purchase, what to look out for when choosing and what all is included in the price of a ready-made company? Let's take a closer look at the advantages and disadvantages of ready made companies. IN SHORT: WHAT IS A READY-MADE COMPANY A ready-made…

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The year 2022 brought major changes in the use of data boxes. As of 1 January, an amendment came into force that automatically sets all data box users to receive so-called postal data messages (PDZ). Let's explain in detail what the change actually is, what you should look out for and what benefits it brings to you. In another article, we have already…

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You may have really gone to the trouble of coming up with a name for your company, but now you need to change it. Maybe because the name 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 an owner can change their company name at any time. So how does…

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I'm sure you've heard these terms before - mergers and splits. Although they both sound very sophisticated, they are basically the merger of two (or more) companies or, on the contrary, the demerger of their assets. Learn about the types of a corporate conversions and find out what rules you shouldn't overlook. MERGERS BY ACQUISITION AND CONSOLIDATION…

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You know each other well, maybe you've been partners, siblings, classmates or best friends since kindergarten. You have a great business idea, so you decided to start a company together. What could go wrong, you think. Know that even the best personal relationships won't guarantee you a successful business partnership. What to look out for when you're…

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You want to start a company and you’re thinking about which form of business to choose. Will a joint-stock company or a partnership be more profitable for you? What kind of capital do you need? In this article, we dive into the differences between the various types of companies and help you decide. WHAT IS A COMPANY? Commercial companies are legal…

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A foreigner can start a business in the Czech Republic in several ways and, in this article, we will look at the two most common ones: a trade licence and a limited liability company. How does a business with a trade licence (formerly a trade certificate) differ from setting up your own company? What advantages and disadvantages do both options offer? …

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As a foreign entity, you can enter the Czech market in several ways. In this article, we will focus on the two most common. We will talk about what advantages the formation of a branch office offers and when it is worth incorporating a new limited liability company. Foreign companies, which intend to do business in the Czech Republic or which are…

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There are several ways to combine two companies. In this article we will take a look at the meaning of the terms, which are often confused and overlap with each other. You will find out what mergers, acquisitions, mergers by acquisition, mergers by the formation of a new company, and other forms of company transformations are and how they are different.…

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Looking for a deadline for your financial statements? Need to know more about VAT or how to fill out your tax report? In this section you’ll find everything your company needs about taxes and accounting. %%jakeBlogByTags-11%% %%jakeMagazineNext%%

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A company can be dissolved for many reasons. These reasons can be on the part of the shareholders or based on a court decision (then it is a forced dissolution of the company). The company may also be dissolved for other reasons, such as the expiration of the validity period, if it was established for a definite period, the achievement of the purpose for…

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When incorporating a limited liability company or other company, together with the position of the company's founder, you acquire the role of shareholder. However, you can also become a shareholder of the company in other ways than by directly participating in its creation – all you have to do is invest part of your assets in the company. COMPANY…

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Within companies, there are several types of guarantees for the receivables and liabilities of the company, including so-called personal guarantees. The guarantee is indicated in the legal terminology of the fulfilment of obligations of another person, i.e. in the case of business corporations, the given company. Within a company, therefore, any person…

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Doing business through a registered branch formerly an organizational unit according to the Commercial Code) is one of the ways in which foreign entities can do business in the Czech Republic without having to incorporate a new company. The establishment of a registered branch, its management, and dissolution are less administratively demanding than the…

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News from our blog