Setting up a new LLC (s.r.o.) in Prague

Bodies of the Company

Limited liability company, a newly (generally as any legal entity) to be a member of the statutory body of another capital company. Permitted is thus that the managing director of a limited liability company was a different legal entity. It works if more executives in the company, the social contract stipulate that form a collective body, the choir directors. Such officials then decided similarly to the Board of joint stock Company, a majority of votes, unless otherwise specified. Regarding the General Meeting, the social contract can however define its quorum and majority required for approval of the resolution. It is recognized as decisions outside the AGM.

 

Share capital

the fundamental change from the current arrangements, the minimum deposit (and hence the share capital) that the new law provides for just one penny. In the case of non-monetary contribution will be required in addition to the expert who guides his award, named court.

 

Optional surcharge outside capital

Compared with the current requirement for approval of the General Meeting (in the form of a notarial deed) to provide a voluntary surcharge outside capital is sufficient only recently executive agreement.

 

Business share

Newly admitted will be different types of shares; the same kind must always represent the same rights and obligations. Allowing a social contract, one partner will be entitled to own more shares, including different species. It will also be possible to incorporate an ownership interest in a certificated security, the counterfoil.

 

Compared to the current framework of the Commercial Code of the shares will be convertible by law with the consent of the general meeting , but the social contract that can transfer both excluded and subject to permit or vice versa without the approval of the General Meeting. To convert between the partners then there is no need for approval, unless the partnership agreement expressly so designated. Is also differently regulated waste released in the company?