Assignable ready-made companies are normally available with a single managing director / board member and one partner / shareholder.
The share capital amounts to CZK 200,000 for a limited liability company and CZK 2.000.000 for a joint-stock companies and is always fully redeemed.
The advantage of buying ready-made companies in comparison with establishing a new company, which may take several weeks or months, is the possibility to start immediately acting on behalf of the company, i.e. an immediate commencement of your business activities.
Within the assignment of a ready made company the following steps will be carried out:
- Convening and holding of the General Meeting
- Suspension and appointment of a new Managing Director / Board of Directors and the Supervisory Board
- Any change of name and registered office address of the company, distribution of shares / equities
- Signing an Agreement on assignment of shares / equities
- Signing a brokerage contract with our company and assignment of all documents and company‘s property if required
- Signing a contract for the provision of business addresses and related services if required
- Acquiring a licence for new trades
- Extract from the Criminal record, Land Register and Companies Register
- Filing a proposal for registration of changes in the Commercial Register.
The steps leading to the assignment of your new company
Upon receipt of your online order these steps will follow:
1) You will receive in your mailbox an order form with a request to fill in all required information (names of partners / shareholders and managing directors, company‘s name and registered address, filing for VAT registration, etc.). You will reply with the requested information to our e-mail address.
2) After receiving the requested information, our staff member will contact you over the phone, and will further set up an appointment with a collaborative notary to effectuate the payment for your acquired company in cash against the transmission of documents and assets of the Company in terms of accounting
3) Depending on your desired changes in the company, a dealing with the Notary - General Meeting – will proceed in the two following ways:
- Drawing up a notary deed – in the event that you require such changes in the company, where a notary deed is prescribed by law, such as a change of company‘s name, change of registered office outside the City of Prague, distribution of shares / equities to multiple partners / shareholders, change in the scope of business;
- Holding a General Assembly without a notary deed and the verification of signature of the company‘s purchaser on the relevant documents (filing for registration to the Commercial Register, Contract on assignment, statements of representatives of corporate bodies) and an extract from the Commercial Register, Criminal Record and Land Register
4) Filing for a registration in the Commercial Register by our staff member and entry of changes into the Commercial Register
5) After about 3 to 5 working days you will be notified on the entrance of all required changes into the Commercial Register and invited to collect a new excerpt from the Commercial Register
The company‘s share capital is assigned only in terms of accounting.
The principle behind ready-made companies is the fact that they have already paid up a share capital in full. When buying a ready-made company you purchase shares / equities at face value against obtaining a company‘s share capital at the cash desk.
For a better understanding please see the following example of an assignment of a ready made limited liability company:
You as a new partner buy shares at a price of 200,000 CZK and our company, in return, transmits you 200.000 CZK (the capital of the Company‘s assets) at the cash desk. There is a mutual offsetting of those amounts for accounting purposes, which is carried only in terms of accounting.
