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Deciding whether to be employed or to embark on a career as an entrepreneur doesn't usually come overnight. Sometimes circumstances lead you to it, other times you may already be running a business on the side and wondering if you should start a full-time business. Whatever the reason you're considering a change, it's worth knowing how a trade and…

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…

A public limited company (plc) is a more advanced form of capital company, particularly suitable for larger projects and more investors. Establishing an Incorporated Company is more demanding in terms of preparation and administration than an LLC, but it brings much wider possibilities. Read how to set up a public limited company step by step -…

Terminating an employee's employment relationship can be a challenging topic both humanly and legally. Termination of employment by an employer is limited by law and therefore a number of rules must be followed. Find out how to properly terminate an employee and what your options are when doing so. What you can learn in this article: …

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. …

Are you going to close your self-employed business and cancel your VAT number? Read our guide on how to cancel a trade licence. We'll advise you on what to look out for, what to do and which authorities to notify that you are quitting your business. The difference between discontinuing and ending a trade First, think about whether you really…

Do you need to take a break from your business, either for another job or a change in priorities? It is not necessary to close your business straight away. A temporary break is much more practical. When you want to start again, just renew it and you can continue as self-employed. See how a business break works and what you need to do it. Suspend…

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…

Business insurance is an important protection against unexpected situations and their consequences that can affect your financial stability. Whether you run a small business or a larger company, the right insurance can help you avoid serious losses in the event of property damage, liability or business failure. What you'll learn in this article:…

Starting a business can be challenging. We'll give you an overview of the responsibilities of the self-employed - from tax and accounting to insurance payments and registration to planning and business development. Find out what not to forget after setting up a business. Obligations of the self-employed at a glance: …

Companies House (the UK's business registry) is gradually introducing new rules under the Economic Crime and Corporate Transparency Act (ECCT Act) to better identify and communicate with businesses. Find out how to get everything right. Registered office and email address From March 2024, the rules for registered offices of companies doing…

The amendment to the Labour Code is intended to significantly increase the flexibility of labour relations - faster terminations, longer probationary periods, more flexible employment of workers on parental leave or minors aged 14 and over. Read how the new changes from 1 June 2025 will affect employers and employees. Extension of the…

Did you know that the amount of fees charged to the authorities is set by law? Are you hesitant about what is a collection, court fee, administrative fee or how to use a stamp? Find out all about payments for acts of public bodies. Thanks to our article, you will be clear once and for all. What is a fee and what types are there? A fee is a…

In business, IČO and DIČ are perhaps the most commonly used abbreviations. If you are setting up a business or establishing a trade, you are bound to come across these terms. That's why you need to know how these two identifiers differ, who assigns them to you, and where you can look up the ID numbers and TINs of other companies or sole…

The Ministry of Finance has prepared an extensive amendment to the Value Added Tax Act. Take a look at the main innovations that the amendment brings from 1 January 2025. Others will follow until 2028. The current version of the VAT Act can be found under 235/2004 Coll. Changes in the calculation of turnover Until now, the calculation of…

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…

Are you considering whether an association is the right solution for your plans, or have you already made the decision but don't know how to get started? We'll guide you through the whole process of setting up a society from the initial idea to registration with the society register and the responsibilities after the actual incorporation - so you…

As a business, you deal with accounting or tax documents every day. Get to know the types of accounting documents and their requirements - a proper understanding of these documents will make your business easier and help you avoid problems with the authorities. What you will learn in this article: The difference between an…