Invest in Slovakia: Types of business companies in Slovakia (advantages & disadvantages)

Practical information from Investment Advisory Guide

This article was published in Investment Advisory Guide - Your key to understanding the Slovak business environment.

What are the advantages and disadvantages of a general commercial partnership? For which type of business is a limited liability company most suitable? When conducting business in Slovakia, there are several types of companies to choose from. Read below to find your best fit.

Detailed breakdown:

General commercial partnership

Founder of the company
• at least two individual or legal entities

Registered capital / Shareholder´s contribution
• registered capital or shareholder’s contribution is not required

Statutory body
• each shareholder is entitled to act within the extent agreed between shareholders

Advantages
• not necessary to pay shareholder’s contributions or form registered capital
• simple management structure
• option to establish GCP through two legal entities, which effectively modifies the extent of liability otherwise present in the case of a shareholder - individual entity

Disadvantages
• the shareholders bear joint and several liability for the partnership’s debts with their entire property
• cannot carry out non-business activities
• minimum number of two partners - possible risk of winding up the company after the death or liquidation of one of the shareholders
• prohibition of competitive conduct for shareholders in the scope of their business

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

News digest: Ex-special prosecutor found guilty, while critical journalists charged

Ex-special prosecutor sentenced to 14 years. Several politicians critical of charges against Denník N journalists. Travel to Spain more complicated.


13 h
The media have condemned the change, approved by MPs, that extends the moratorium to 50 days

We condemn the latest attack against journalists

Slovak journalists stand behind their colleagues from Denník N.


58m
Pope Francis and President Zuzana Čaputová at the airport.

Pope brings message of unity to a country in turmoil

It was nice while it lasted. Which wasn’t long.


17 h
Journalist Monika Tódová

Charges brought against two Denník N journalists

The criminal complaint was submitted by ex-journalist-turned-spy Peter Tóth.


20 h
Skryť Close ad