SpoleÄnost s ruÄenÃm omezeným
Společnost s ručením omezeným abbreviated, sro is the Czech name for the legal form of a limited liability company in the Czech Republic, German limited liability company.
The company may be established on the basis of a certificate of incorporation by a person (natural person or legal person) or a completed several persons social contract. A limited liability company with one shareholder can not be the sole shareholder another limited liability company, or create such a society. Both the certificate of incorporation and the articles of association have to be notarized by a notary. In the founding document is also set if the Company does limited liability statutes.
The amount of the share capital of the Company shall be at least 200 000, - CZK ( approximately 7,288, - €; Stand April 7, 2014 ) amount. Contributions in kind must be deposited before the registration of the company in the commercial register. The certificate of incorporation or the articles of association must specify the kind. Its value is based on an opinion of an independent expert to be appointed for this purpose by the court determined. At least 30 % of the financial contribution must be paid before registration in the commercial register. The funds on deposit must be submitted with the value of such contributions 100.000, - CZK exceed. If the company is founded by a single person, the registered capital prior to registration must have been fully paid in the commercial register.
The limited liability company has no board of directors. The company is represented by one or several managers. Their number is not legally restricted. The Managing Director is appointed by the shareholders 'meeting, the supreme body of the company or the sole shareholder exercises the effectiveness of a shareholders' meeting. Any manager represents the company independent, if it is not otherwise specified in the certificate of incorporation or the bylaws. The law states, for limited liability companies no duty to create a supervisory board, in solid form; However, a Supervisory Board may be made on the basis of the Memorandum or Articles of Association. The Supervisory Board consists of at least three members elected by the general meeting.