Limited Company founding
A limited liability company is established by signing a Memorandum of Association which must be in the form of a notarial deed, regardless if it is constituted by one founder or multiple partners.
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The basic content of the social contract is defined in particular by §146 et seq. of Act No. 90/2012, Corporations Code.
The Memorandum of Association must include:
(a) the name of the company,
(b) the businesses and activities carried out by the company,
(c) identification of the members by their name and domicile or registered office,
(d) the determination of the types of shares that belong to each partner and the rights and obligations associated with them, if different kinds of shares have been permitted by the memorandum,
(e) the amount of the deposits attributed to respective shares,
(f) the amount of the capital; and
(g) the number of directors and the way they act on behalf of the company.
Articles of Association, a document further specifying the provisions of memorandum and the internal organization of the company, is not mandatory for for setting up a limited liability company (s.r.o.).
At this stage, we will provide you with a memorandum template, and we will consult you on how to adjust the document according to your preferences. After processing the final wording of the Memorandum of Association, we will arrange writing a notarial record, or have it written on your behalf on the basis of a power of attorney.
After signing of the memorandum, a limited liability company (s.r.o.) is established. However, it does not yet have legal person, which is constituted only after the registration in the Commercial Register. The next step is to obtain trade licenses issued by the local Trade Licensing Office.
In the case of a general trade, there is no need to appoint a responsible representative for the granting of a trade. In the case of an application for a craft trade, tied or concessioned, a responsible representative must be appointed that adequately participates in the running of the company and meets the qualifications required for the trade.
Simultaneously with the proceedings before the Trade Licensing Office, the capital has to be repaid as stated by the relevant provisions of the memorandum. The easiest case is to repay deposits on a special bank account, which we would open for you on the basis of power of attorney. Until the incorporation of the company by registration in the Commercial Register, the paid-up deposits can not be withdrawn or used. After the establishment of the company, the paid-up deposits become common disposable assets.
In the case of a non-monetary contribution to the registered capital, we will provide an estimate of the cost of the property with the help of a court-appointed expert.
After completing all the documents required for registration in the Commercial Register, we will prepare electronic documentation for storing in the collection of documents of the Commercial Register and then we will apply for registration in the Commercial Register. This proposal, stamped, will be filed with the relevant court of law.
The company is subsequently registered in the Commercial Register within the statutory period of 7 days; the decision of the relevant court of law, however, contains a 15-day appeal period, after which the decision to register becomes final; the acquisition of legal force can be accelerated in this case by giving up the right of appeal.
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Our clients include
We are very satisfied with the services you provide, particularly with accounting statements being presented in both English and Czech, as well as seamless bookkeeping. Our collaboration over the last years has been impeccable and void of any problems with either our parent company or the local authorities. Thomas Kudera, National Manager, Czech Forbo Flooring, Forbo Ltd.
Foreign Language Publications. "We have been using the services of Bell Consulting since our company's founding in 1995. We are satisfied with their work, as can be seen by our 17 years of cooperation. We value their reliability and professionalism, and their personal availability to our needs. Whatever the problem is we can always count on them to provide clear solutions, which, when trying to wade through current legislation, would not otherwise seem obvious. Their professionalism was highlighted by our being audited without an incident." Matilda Blahová FLP-CR Ltd.
Bookkeeping, payroll, HR services and comprehensive tax advice to the Czech subsidiary of this Swiss concern dedicated to the manufacture and servicing of printing presses.
ENVIORE CZ s.r.o. 'We decided to enter the Czech Market in 2009 and chose Bell Consulting after a selection round with 6 Czech competing accountancy firms. To date, Bell Consulting is providing us with accountancy services, reporting, payroll processing and support for legal matters. We experience the services rendered to be of high standards and value the swift response to the tasks assigned. The input of Bell Consulting is considered to be an asset for our Czech operations and we would recommend them to any organization, Czech or international." Mr. Martin Coysman, executive head and co-owner.
BELL Consulting has been providing us with tax advice and prepares our tax returns. Above all, I appreciate the ease of communication, quick response times and in depth knowledge of the issues facing leading companies. I value the pleasant office environment close to the city center with parking for clients. Bohumír Vesely, Managing Director, GELDBACH - CZ Ltd.
Comprehensive payroll and personnel services for the subsidiary of this American garment concern.
Bookkeeping, payroll, HR services and comprehensive tax advice. Liquidation of the company uopn cessation of its operations in the Czech Republic.
The pharmacy on Mendelovo Square in Brno. Accounting, payroll, personnel services and comprehensive tax advice to one of the largest pharmacies in the city.
Comprehensive payroll and HR services to this Czech subsidiary of the Danish holding company dedicated to the manufacture of surface coatings.
ABRAHAM MOTOR RACING. Bookkeeping, payroll, HR services and comprehensive tax advice. This company maintains one of the region's leading competitors in the city's World Motorcycle GP race.
Bookkeeping, payroll, HR services and comprehensive tax advice to a Czech company trading in medical technology and products.
Liquidation of the Czech and Slovak subsidiaries as part of an optimalization process of the holding structure of the FORBO Group.
Accounting and tax advisory services for this Engineering Studio focused on building projects.
Accounting and comprehensive tax consulting to the subsidiary of this British holding company who operate bowling alley installations.
Bookkeeping, payroll, HR services and comprehensive tax consulting of the Czech branch of this British recruitment agency.
Bookkeeping, payroll, HR services and comprehensive tax advice to this Czech company providing heating installations.
Bookkeeping, payroll, HR services and comprehensive tax advice to a Czech real estate development company.
Bookkeeping, payroll, HR services and comprehensive tax advice for the subsidiary of this American corporation involved in the development and testing of semiconductor components.
A Swiss holding company, engaged in construction projects, primarily hypermarkets. We provided bookkeeping, payroll, HR services and comprehensive tax advice. Upon completion of their operations we were entrusted with the liquidation of their subsidiaries in the Czech Republic.
MBI Marketingberatung International spol. s r.o. Bookkeeping, payroll, HR services and comprehensive tax advice for the subsidiary of their Austrian holding company that provides financial advice and sells financial products.
