rutland jezek

 

NEWS

rutland jezek, Czech law firm in Prague wishes all its clients Happy Holidays! Read more

December 6, 2017 The most important changes in Czech law for entrepreneurs in 2018 Read more

December 6, 2017 Legal requirements of Lease of Business Premises in the Czech Republic in the year 2018 Read more

December 6, 2017 Incorporating a Czech joint-stock company in the year 2018 Read more

December 6, 2017 Incorporating a Czech Limited Liability Company in the year 2018 Read more

December 6, 2017 What kind of forms of business activities are allowed in the Czech Republic in the year 2018? Read more

Older news

 

 

Czech company law

rutland ježek, a Czech law firm in Prague on the Czech company law
 
  1. The limited liability company (in Czech: společnost s ručením omezeným) can be established with a registered capital starting at CZK 1. The registered capital of a joint-stock company (in Czech: akciová společnost) must be at least CZK 2,000,000.

  2. There can be business interests in the limited liability company (in Czech: společnost s ručením omezeným) with different rights and obligations attached to each of them, such as a fixed share in the company's profit.

  3. The incorporators of a joint-stock company (in Czech: akciová společnost) can choose either monistic (Board of Directors) or dualistic (Board of Directors and Supervisory Board) model of corporate governance.

  4. In case the company is insolvent, meaning in general that the company cannot pay to its creditors or its debts exceed its assets with respect to possibility of future operation of the company's business, the members of statutory body of such company have a legal obligation to file a bankruptcy petition without undue delay; otherwise they might be liable for damage caused to the company's creditors.

  5. In case of bankruptcy of a corporation, members of its statutory body may be held liable for the debts of such corporation provided that they have breached certain statutory obligations.

  6. The member of statutory body of the company can be either a natural or a legal person, i.e. another company.

  7. The joint-stock company (in Czech: akciová společnost) must have a website on which it must disclose to public free of charge certain information. The same information must be disclosed on the website of a limited liability company (in Czech: společnost s ručením omezeným) provided that it voluntary set up its own website.
 
Czech immigration law Litigation in the Czech Republic
 

In case you are interested in purchasing a Czech ready-made company, please, visit rjcompanies.cz.

 

DISCLAIMER

Please note that the list of legal matters stipulated in this section cannot be considered and exhaustive and comprehensive list of all issues arising under Czech law, further is not a legal opinion or advice in any manner, and only expresses view of rutland ježek, law firm on certain specific issues of Czech law.