1. LIMITED COMPANIES, L TD Zuzana Iľková a Dana Strelecká

2. E STABLISHMENT AND CREATION It is a capital company A limited company shares some aspects with a privately owned company, some with a partnership, and some with a corporation. It must have minimum 1 partner and maximum 50 partners. Rights and duties of shareholders are set up in Articles of Association C OMPANY NAME Company name must include Ltd.

3. F INANC E The minimum autohorised share capital is 5000,- Eur The minimum share capital of particular shareholder is 750,- Eur. Before registration in Registrar of Companies up to 30% of share must be paid If company is set up by one shareholder the share capital must be 5000,- Eur before registration in Registrar of Companies. Share capital can be financial and non-financial

4. G UARANTEE, LIABILITY Sharehoders have limited liability it means that the investors can only lose the money they have invested and no more. Company guarantees for obligations with all its capital

5. B ODIES OF COMPANY G ENERAL A SSEMBLY Highest authority of company All shareholders are due to attend the meeting and they must meet minimum once a year They approve statuses (article of association) and talk about main questions They vote and revoke members of Board of directors and members of Control Comitee (Board of trustees) as well

6. B ODIES OF COMPANY B OARD OF D IRECTORS Its statutory body, minimum 3 members they take care of business managment and make accounting of company

7. C ONTROL C OMITEE (A DVISORY BOARD, BOARD OF TRUSTEES ) they are controling body of company minimum 3 members voted for maximum 5-year term they can see all accounting documents of company they control activity of board of directors and company in general R ESERVE A CCOUNT ( RESERVE FUND, CORPORATE SURPLUS ) They must create account of minimum 10 % from share capital

8. L IQUIDATION Only General Assembly can decide about liquidation Clearance from Buisness Register

9. A DVANTAGES Limited liability, meaning that the owners of the LLC, called "members," are protected from some or all liability for acts and debts Much less administrative paperwork and record keeping than a corporation Using default tax classification, profits are taxed personally at the member level, not at the LLC level. Less risky to be "stolen" by fire-sale acquisitions Employees operate as a team Company can get much more investments

10. D ISADVANTAGES Higher fees for share capital Little flexibility in decisions Creation conflicts and risk between shareholders, managers and workers

11. T HANK YOU FOR YOUR ATTENTION