Limited Liability Company

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…

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…

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…

Starting a business also involves initial investment. In addition to depositing the share capital, you need to complete several administrative steps to get your company off the ground. Most of these formalities are chargeable, so the establishment of an LLC will cost you several thousand crowns in total. What do I need to do and what are the…

Setting up a company in the Czech Republic involves a lot of administration. The whole process here takes even twice as long as in other developed countries. That's why it's good to have an overview of how to proceed. The procedure for setting up a limited liability company. Setting up a limited liability company takes time and patience. However,…

Thanks to the amendment to the Accounting Act, from 2022 you can ask the tax office to forward your company's financial statements to the registry court, which will publish them in the collection of documents. Would you like to take advantage of this possibility and make your work easier? Find out how to do it. What are the financial statements…

You have drawn up the articles of association and registered the company in the Commercial Register (OR) - unfortunately, the paperwork associated with the new Ltd. does not end there. You will soon be facing other administrative and tax obligations. We will help you navigate them. Tax obligations One of the first administrative necessities you…

Are you planning to start a business? To start a company, you need a memorandum of association, which regulates the basic organisation of the company. Read on to find out exactly what it is and what it must contain. What is a memorandum of association? A Memorandum of Association is a document that establishes a company or cooperative…

Do you own a company that is doing well and would you like to cash out your profits? Don't forget about taxes! How much money can you pay out as a company owner? Every entrepreneur carries out an economic activity with the aim of making a profit, which is also implied by law. If you own a limited liability company, a joint stock…

Despite the beginning of the holidays, including the parliamentary ones, it is not a bad idea to summarise what changes in the field of taxes are planned for the next year. Their final form will depend on the legislative process, but a number of the items under discussion have relatively broad support across the political spectrum, so their…

Starting a company requires a lot of paperwork, but that's what we're here for. Are you thinking of using our LLC formation service and wondering how the whole process works and what to prepare for? Find out in this article. What awaits you if you decide to start a company with us: Submitting the form. On the company…

From 1 July 2022, two amendments relating to road transport will enter into force. Which are they and what do they change? ROAD TAX NOW ONLY ON LARGE VEHICLES The first amendment relates to the Road Tax Act. In order to limit the impact of the war in Ukraine on taxpayers, the government decided to significantly narrow the road tax, i.e. to limit…

In commercial corporations, there are several ways of guaranteeing the debts and obligations of the company, including the so-called equity guarantee. Who is self-insured in a business and how does it work? Find out in the article. In legal terminology, liability refers to the performance of another person's obligations; in the case of a…

Drawing up of the contract, the trade, the deposit of the registered capital and registration in the Commercial Register. These are the steps that lead to the successful establishment of a new company. Are you looking forward to it, and don't know what to do with the share capital? In this article, we will look at it in detail - what it is, what it is…

A limited liability company is formed on the day it is entered in the Commercial Register. What is the process of registration in the Commercial Register, which documents do you need and how long does it take? Read on for a summary of the basic steps necessary for the formation of a company. For complete information on the establishment of an 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…

You're sending a letter to the IRS. You don't have an envelope and the post office hours don't suit you. Moreover, you are not sure that the office will actually receive the letter. A data box will solve these problems. In this article we will explain what a data box is and what are its advantages and disadvantages. We will also look at the…

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…

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…