Bussines information
http://podnikatele.karlovyvary-region.eu/
JOINT-STOCK COMPANY - AKCIOVÁ SPOLEČNOST (a.s.)
Basic information about legal title of joint stock
company
Joint Stock Company is company with basic capital allocated on certain number of
stock. Joint Stock Company is legal title of cleanly capital company almost
without any personal elements. Legal regulation of Joint Stock Company is
embedded in Business Code. Common base for all trading companies is in §
56 and consecutive.
Particular definition of Joint Stock Company is determinate in § 154 and consecutive.
Trading company
Trading company of co-partnership has attribution „akciová společnost“,
which can be replacing by a short cut „akc. spol.“ or „a.s.“ (§ 155,
Business Code). Trading company has fulfil also general requirements, especially
the one, that trading name can not be commutable with company of other
entrepreneur and can not act delusively. It is not enough to have different
addendum indicate legal title to differentiate (§ 10, Business Code).
Basic capital
Basic capital has to be at least CZK 2 000 000 for Joint stock company. Upper
limit is not limited. Basic capital is shared to stocks. Stocks are
subscript – that means they are offerd to sale. Share owner is called
“akcionář” (share-holder). Share-holder does not liable for company.
Statutory body
Board of Directors is statutory body for Joint Stock Company. Member of Board of
Directors represents company outward. Names of members of Board of Directors are
registered at Companies Register; also all changes at Board of Directors are
registered. Members of Board of Directors are elected by Shareholders' Meeting.
There is strict and unconditional non compete for Members of Board of
Directors.
Advantages
relatively good external impress (big company)
cleanly capital company
Disadvatages
high basic capital CZK 2 000 000
quite complicated establishing and activity of company
How to establisch a Joint Stock Company in ten steps see here.