General Legal Regulation Of Limited Liability Company In Czech Republic

Abstract

The purpose of this article was to present legal regulation of limited liability company in Czech Republic. LLC is the company liable for the debts of its members jointly and severally liable to the extent of the deposit have not fulfilled the obligations of the state registered in the Commercial Register at the time when they were asked to creditor claims. Share partner in a limited liability company is determined by the ratio of its contribution to the share attributable to the amount of capital, unless otherwise determined by the memorandum. It may be allowed the emergence of various types of shares. Shares, which carry the same rights and obligations constitute one species. The minimum deposit in LLC is CZK 1, unless the partnership agreement determines that the deposit is higher.
Research shows that the main rights and obligations of LLC’s members are: deposit obligation, obligation to submit the counterfoil, right to information, right to companion action, right to receive share of profit etc. Bodies of the LLC are: general meeting, the statutory body of one or more directors, the supervisory board. The shareholders exercise their right to participate in the management company in general meeting or beyond.