Česká verze
It depends mainly on requirements of a minimum number of founders, minimum registered capital, financial liability of members, and internal structure of the corporation.
The most common form of entrepreneurship in the Czech Republic is the limited-liability company.
The fundamental legislation governing business corporations includes:
- Business Corporations Act (Act No. 90/2012 Coll., on Commercial Companies and Cooperatives) available only in Czech.
- Civil Code (Act No. 89/2012 Coll.) available only in Czech.
- Public Registers Act (Act No. 304/2013 Coll., on public registers of legal and natural persons) available in Czech.
More information on Unlimited partnership, Limited partnership, Limited-liability company, Joint-stock company and Cooperative.
| Type of corporation | Czech name, abbreviation | Minimum capital requirement | Minimum required number of founders | Financial liability | Corporate management and internal structure |
|---|---|---|---|---|---|
| Unlimited partnership | veřejná obchodní společnost “v.o.s.”, “veř. obch. spol.” or a name of a partner + “a spol.” | CZK 0 | 2 | Unlimited liability | No obligatory management bodies; all partners are managers as a default rule. |
| Limited partnership | komanditní společnost “k.s.”, “kom. spol.” | CZK 0 | 2 (at least one unlimited/general partner and at least one limited/special partner) | General partners have unlimited liability for the partnership’s obligations; special partners have limited liability to the extent of their unpaid contribution | No obligatory management bodies; all general partners are managers as a default rule. |
| Limited-liability company | společnost s ručením omezeným “s.r.o.”, “spol. s r.o.” | CZK 1 | 1 | Partners have limited liability to the extent of their unpaid contribution | General Meeting, statutory body – one or more Directors (Executives), supervisory board (optional), others according to the partnership agreement. |
| Joint-stock company | akciová společnost “a.s.”, “akc. spol.” | CZK 2 000 000 or EUR 80 000 | 1 | Shareholders are not personally liable for the company’s obligations | Monistic system: General Meeting, statutory body – Statutory Manager, Administrative Board Dualistic system: General Meeting, statutory body – Board of Directors, Supervisory Board, others according to the statutes |
| Cooperative | družstvo | CZK 0 | 3 | Members are not personally liable for the cooperative’s obligations | Members meeting, statutory body – Board of Directors, Auditing Committee, others according to the statutes (small cooperative – only Members Meeting and President) |