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.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

Detailed breakdown:

General commercial partnership

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

SkryťTurn off ads

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

The "Protest for Juraj and Matúš" photo became the Grand Prix winner at the 2023 Slovak Press Photo competition.

The Grand Prix prize awarded to a female photographer for the first time.


and 1 more 22. sep
Harvesting festivities in the town of Modra near Bratislava.

Autumn is the time to celebrate the grape harvest. Festivals for running...or a public transport for those not keen on running. Here's what to do during the weekend September 8-10.


8. sep
The Andrej Bagar Theatre in Nitra.

Legendary metal toy kit on exhibit again, or you can go pick pumpkins, gourds, and squash ahead of Halloween. Here's what to do during the weekend of September 23-24.


22. sep
SkryťClose ad