Entrepreneurs often think that the money in the company is “their money” and that they can simply transfer it from the company account to their private account. Just like that – without more. Especially when the executive and shareholder are the same person. Big mistake, as they would say.
Imagine you have built your business for years. You came up with a name that has turned into a brand loved by your customers. You created a unique logo you trust so much it became the mark under which you promote your products or services. You invested
We cordially invite you to a unique Czech-Slovak webinar on the topic of protecting family assets and business "STRUCTURES THAT PROTECT (FAMILY) ASSETS AND SURVIVE GENERATIONAL TRANSITION." Every company founder can be the first generation (G1) in a family business and build it into a functional structure
Loan agreement between the company and its partner Illustrative example: Imagine a situation that almost every entrepreneur has faced. They needed to borrow money from the "company" account for private purposes. We usually encounter this situation in the case of so-called single-member companies (Ltd.), where
Legal and accounting-tax perspective Imagine the following model situation: You have a limited liability company and you want to transfer, for example, your 100% business share to another person. Your reasons can vary – selling the company to a bigger player, tax optimization, generational exchange. LEGAL PERSPECTIVE 100% business share
For e-pravo.sk we have prepared an interesting article about how to divide a business share, what to watch out for when dividing a business share, what are the pitfalls of dividing a business share, and what are the legislative updates regarding the division of business shares from the 17th.