A limited liability company (s.r.o. for short) is one of the most popular forms of business not only in Slovakia. It is a company with an ownership structure in which liability for the company's debts is limited to the amount invested in the company by its partners (owners). This means that the partners' personal assets are not at risk if the company is unable to pay its debts.
Ltd. is often considered a suitable type of business for small and medium-sized companies , because it provides sufficient flexibility and legal guarantees for entrepreneurs, but at the same time it does not require as much responsibility as other forms of business, such as a joint-stock company.
Choose the subject of business: the subject of business of a limited liability company (s.r.o.) is the performance of business activities in the field chosen by the company. This field is listed in the Articles of Incorporation and can cover various industries such as trade, services, industry, construction and others. It is important to remember that the business object of the limited liability company can be modified and expanded or narrowed during the company's activity, depending on the company's needs and goals. You can find a list of current valid trades on the website of the Ministry of the Interior https://www.minv.sk/?zivnostenske-podnikanie
Determining the registered office: the registered office of the company is the address where the company's headquarters are located and where its main activity is carried out. It is an important place because this is the address to which all official letters and documents are sent, as well as the address that appears in the commercial register.
Determining the managers, partners, amount and administrator of the deposit:
The executive is the person who is responsible for the management and management of the company. The manager can be one or more persons and they can also be partners of the company.
A partner is a person who has a share in the company and is responsible for the contribution to the company. The partners are the owners of the company and have the right to decide on its activities.
The amount of the deposit depends on the size and type of the company and may vary on a case-by-case basis. In general, the partner's contribution should be sufficient to ensure the company's activities.
A deposit manager is a person or company that is responsible for managing partners' deposits. The administrator of the deposit can be a notary, a bank or another financial institution. The role of the deposit manager is to ensure that partners' deposits are properly stored and registered.
Company registration: Registering a company in the Commercial Register in the Slovak Republic is a key step in establishing an s.r.o. It is necessary to submit a completed form, founding documents and pay a fee.
Obtaining an identification number for tax purposes: The company must obtain an identification number for tax purposes in order to perform tax obligations, the so-called VAT number, or VAT number.
Registration for social and health insurance in case of employment of employees: The company must be registered for social and health insurance in order to pay insurance premiums for its employees.
Knowledge of legal regulations: The lawyer has a deep knowledge of the laws and regulations related to the formation of an s.r.o. and can advise you on how to avoid legal obstacles and illegalities.
Reduction of time and effort: The process of establishing an s.r.o. can be complicated and time-consuming. A lawyer can simplify this process and reduce the time you would have to spend.
Ensuring the validity of documents: The lawyer will ensure that all necessary documents are correctly filled out and in accordance with legal regulations.
Assistance in resolving legal issues: Various legal issues may arise in the course of the company's operations, such as contractual matters, business transactions and dispute resolution. A lawyer can be a valuable partner for you in solving these questions.
Protection of proprietary rights: A lawyer can ensure that all necessary steps are taken to protect the proprietary rights of the company and its partners.
In any case, it is important to choose a trustworthy and experienced lawyer who will provide you with high-quality legal care and help in setting up an s.r.o.
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Ubique is a branch of an English staffing agency that provides Tata Technologies (an Indian multinational company engaged in technology and IT services in the automotive and aerospace industries) with the transfer of highly qualified IT workers from India to the Jaguar Land Rover plant in Nitra. We helped the Ubique agency to secure the immigration agenda for the transfer of workers. This collaboration has been going on for years and we are happy to help Ubique.
Since 1994, Slovak company Slovakodata has been dedicated not only to SAP implementation of processes in banking, insurance, public administration and industry. Our company provides legal services in the area of the Commercial Register. We are proud to be a long-term supplier of this company.
Schneider Electric SE is a French multinational company that specializes in digital automation and energy management. It covers homes, buildings, data centers, infrastructure and industries through a combination of energy technology, real-time automation, software and services. We are glad that we can help her with the mobility of employees between companies in individual European countries.
We are very happy that we could help with the relocation of the Boroumand family to Slovakia from Iran, and thanks to us they started doing business in a new environment. We are very proud of them, son Yasha started studying in Slovakia at a prestigious American academy and later got to the technical university in Vienna.
ISPER was founded in 2005 as a local internet service provider. Since its inception, it has been actively building and improving its optical and radio network, through which it provides services to end users.
Currently, ISPER operates more than 50 km of its own optical routes, more than 100 connecting transmitters, 5 server rooms and data centers - all this for its several thousand satisfied residential, home and corporate clients.
SMARTUP helped ISPER in establishing business companies as well as in employing foreigners.
It is a leading manufacturer and provider of perimeter fencing and industrial mesh. The company has been a world leader in perimeter protection for over 135 years and their products are available in over 100 countries. Betafence also has its branch in Slovakia, and our company provided them with legal advice.