New LTD company with your initial capital in Prague
It has never been easier and faster to found a new s.r.o. We will found a new company for you within one week at an unbeatable price, which includes all fees.
We are able to found a new s.r.o. even within one day. The day the company is founded you can already have a statement from the Business Register.
Would you like to know more? Contact us at 800 47 47 47.
I know that in case if s.r.o has a problem, I will risk with all my property. With this in mind, before I open s.r.o., I would like to make a transfer of ownership of part of the house to another person. I am not sure whether I risk with the property that I own when a problem occurs, or the property that I owned when the company was founded. Or does it matter that I owned part of the house half a year ago?
Limited liability company is a completely different entity than you as a physical person. Therefore, as a physical person you are not responsible with your property for your business idea. Only up to the amount of outstanding share capital. As a shareholder, i.e. owner in this case, you should not have any concerns about your property. The situation is slightly different in the function of executive director. The executive director is the person who is responsible for the commercial activities of the company and acts on behalf of the company externally. This person is risking with to the property in case of committing a crime or fraud. Even then, the scope of responsibility of the executive against the third party.
I am interested in s.r.o. company. I wonder what it takes to found a company if I am a self-employed and already have a trade license?
You are opening a new, independent legal entity, new s.r.o. You should apply for a trade license for this entity, and therefore it is necessary to complete the registration process again. Nevertheless, you have a bit of an advantage. It will be easier for you to demonstrate your competence in the area of this trade license.
What is the purpose of initial capital and what is the minimum amount of the capital we should invest into the company? Is it true that it is possible to found a company having only one crown as initial capital?
Yes, you can found a limited liability company with investments to initial capital equal to CZK 1 from each shareholder. Thus, if the company has only one owner the initial capital can be only one crown. We would not recommend it though. Our recommendation is to invest at least CZK 20 000. Initial capital is mostly required to develop your business on first phase. If you have registered capital of one crown, founding the company itself and payment of administrative fees directly connected with it will lead the company into negative equity. Then as a shareholder of the company, you will have to borrow money business operation. Why is initial capital important? As I have said, initial capital is your source of money to run the company in the beginning. The amount of initial capital is also important for the banks when they approve loans, suppliers or customers in the process of bargaining contracts, and thus, serves as an indicator of stability of the company. Finally, state authorities also pay attention to the amount of initial capital. For example, when applying for a license in cargo traffic (trucks over 3.5 tons), the regional authority requests to prove financial capacity of the company.
I need s.r.o., but I do not have time to come to you. Is there way out?
Hello, you are interested in a limited liability company and ask if we can transfer the rights on you without you having to come personally to Prague? Such a possibility exists. If you send us your personal data by email, we will prepare a power of attorney, application form and contracts, and send back to you for signature. We will do everything for you.