Setting up a joint stock company

The joint stock company is costlier to set up and more complicated to run from a legal standpoint than the limited liability company.

Business Essentials

Raymond Johnston | 28.11.2010

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While most entrepreneurs interested in setting up a new company will opt for a limited liability company, known as an s.r.o., there is another option: the joint-stock company, or akciová společnost (a.s.).

This business structure is more suited to large companies as the amount of share capital is much higher and more legal requirements have to be met, such as having shareholder meetings and boards.

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