Joint-stock Company

You have probably already encountered terms such as mergers, acquisitions or company splits. The amendment to the Business Corporations Conversion Act now introduces a new concept, the spin-off. Find out how spin-offs differ from other types of conversions and how they work in practice. What is a corporate conversion by spin-off? In July 2024,…

You probably know who the CEO is, but do you have any idea what the CTO is responsible for, what the COO does, and when to turn to the CFO? Find out the difference between each leadership position and how they can help your company grow. Top management organization The rapid growth of companies brings with it the need to optimize their…

If you are acting on behalf of a business corporation, you will usually encounter a situation during your business activities when you need to modify a certain entry in the Commercial Register (CR). Here is an overview of the most common reasons for changing a CR entry and how to make the change in practice. All mandatory and optional data…

The monitoring of the impact of business on the environment (E), employees and society (S) as well as topics related to management (G) are being included in Czech legislation. Companies will now prepare a so-called sustainability report. In 2024, this obligation will affect only the largest companies, but will gradually apply to other companies.…

The size of the entity determines what the company is legally required to do. A small newsagent has fewer obligations than an industrial giant with hundreds of branches. Find out which category your business falls into and what not to forget. What is the purpose of categorising accounting units? The classification of accounting units (CUs) and…

As of 1 July 2023, an amendment to the Business Corporations Act (ZOK) will come into force, which will facilitate the establishment of companies. In particular, the conditions for members of elected bodies of companies will change. See how. The state has launched a new register The registration of excluded persons is a fundamental change. This…

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…

The business is growing, so you decide to hire reinforcements. However, with the first employee comes a fair amount of administration. Here's what to remember. As an employer, you have a number of obligations to: Czech Social Security Administration (ČSSZ),health insurance companies,the tax officeand other institutions. Your first step is…

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…

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…

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…

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…

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…

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…

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…

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…

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…