Company Incorporation

With high inflation, every extra crown is useful. You can support your family budget even if you already have a job. Just start a business as a "side job". Find out what it takes. What are the options? Running a business while working is not difficult in the Czech Republic. Apart from your time and effort, you only need to complete a few…

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 dream of opening your own confectionery or car repair shop, but don't have a degree in the field? Don't despair - just make an appointment with someone who does. In fact, you can do business without school or work experience through a professional guarantor. Learn how to do it. Who is the responsible representative? The…

The establishment of a company also entails tax obligations. The first step in this area is to register the company for income tax. Learn how to do it and what else to look out for. Basic facts about VAT Corporate income tax (CIT) is compulsorily paid to the tax office by every legal entity doing business in the Czech Republic.…

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…

There are several formalities involved in starting a business - among them the determination of the company's registered office or trade. However, you often cannot do without the consent of the owner of the property in question. Read on to find out what to think about before registering. WHY DO YOU NEED CONSENT FOR THE LOCATION OF THE REGISTERED…

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 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…

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…

In the context of the Pandora Papers case, words like ‘tax haven’ and ‘offshore company’ have come back to the fore. What do we mean by these terms? Here is an easy-to-understand explanation that makes sense even to those with zero business involvement. TAX HAVENS: EXPLANATIONS AND EXAMPLES In normal market economies, such as in the Czech Republic, the…

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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Is it really possible today to form a company quickly and at minimal cost? Or even online? Politicians promised changes, implemented some, but in the end, specialized companies had to bring this to life. "I remember when my partners and I started a company 18 years ago," our client Jana Frýdová confided in us. "It was a process that took many weeks, and…

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…

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…

SHAREHOLDER Behind the birth of a company and its incorporation, there is always a shareholder. As the owner or co-owner of the company, he or she becomes a member of the general meeting, i.e. the supreme body of the company. Among other things, it elects an important person in the company structure: the executive director. The shareholder has the right…