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Glossary

Glossary

Limited liability company (LLC)

The simplest type of capital company.

It can have from 1 to 50 members. The minimum share capital is CZK 200,000, each shareholder may participate only by one deposit at minimum amount of CZK 20.000, - (10% of capital).

Shareholders are liable jointly and severally for the liabilities of the company up to the sum of the outstanding contributions of all shareholders in accordance with the registration in the Commercial Register.

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