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Spoločnosť S Ručením Obmedzeným
Spoločnosť s ručením obmedzeným (abbreviation ''spol. s r. o.'' or ''s. r. o.''; literal translation: "company with limited liability") is a Slovak law business entity, the legal structure for a private limited liability company. It is the rough equivalent of United States LLC and United Kingdom (and certain Commonwealth countries) Ltd. It is regulated under § 105 – 153 of Act. No 513/1991 Coll. (Commercial Code as amended). It is very popular form of business organization due to ensurance of limited liability in exchange for a relatively small investment into the registered capital. From one to 50 associates can found it through a founding agreement with minimum registered capital of €5000, minimum €750 per person, in money or other property. Examples of companies * Elnec s.r.o. * ESET, spol. s r.o. * Glass LPS, s.r.o. * JetBrains, s.r.o. See also * in Czech Republic společnost s ručením omezeným Společnost s ručením omezeným ( lit. ‘company wit ...
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Law Of Slovakia
The law of the Slovak Republic is civil law. Constitution The Constitution was passed in 1992. Legislature The legislature is the National Council. Legislation Legislation includes Acts. Acts *Act No 277/1994 Coll *Act No 136/1995 Coll *Act No 270/1995 Coll (Language law of Slovakia) Courts and judiciary There is a Supreme Court of Slovakia and a Constitutional Court of Slovakia. Legal practitioners There is a Slovak Bar Association (Slovakian: ''Slovenská advokátska komora''). Criminal law The Criminal Code of 2005 replaced that of 1961. Civil code The Občiansky zákonník, or Slovak Civil Code, is derived from the Czechoslovak Civil Code of 1964.Pries, Anne. In Winterton and Moys (eds). Information Sources in Law. Second Edition. Bowker-Saur. 1997. Chapter 25. p 433. References *Pries, Anne. In Winterton and Moys (eds). Information Sources in Law. Second Edition. Bowker-Saur. 1997. Chapter Twenty-Five: Slovak Republic. Page431to 439. *Štefan Franko. English-Slo ...
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Business Entity
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "''legal'' person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense. There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a ''natural person'' (sometimes also a ''physical person''), and a non-human person is called a ''juridical person'' (sometimes also a ''juridic'', ''juristic'', ''artificial'', ''legal'', or ''fictitious person'', la, persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons. Whil ...
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Private Limited Liability Company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, ''société à responsabilité limitée'' in France, and ''sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreeme ...
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Ministry Of Justice (Slovakia)
The Ministry of Justice of the Slovak Republic is the central authority of the Slovak State Administration for the Courts and Bailiffs. The following are some of the primary goals of the Ministry: * To prepare legislation in the areas of constitutional law, criminal law, civil law, commercial law, family law, bankruptcy law, and private international law. * To carry out state supervision in the legally established scope over the activity of the court executors, over the activities of the Slovak Chamber of Executors, over the activities of the Notary Chamber of the Slovak Republic, and over the activity of notaries. * To ensure the performance of expert activities, translation activities, and interpreting activities and the issuance of the Collection of Laws of the Slovak Republic and the Commercial Bulletin. * To ensure the representation of Slovakia in the European Court of Human Rights, in the Court of Justice of the European Communities, and in the Court of First Instance of the ...
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Law Of The United States
The law of the United States comprises many levels of Codification (law), codified and uncodified forms of law, of which the most important is the nation's Constitution of the United States, Constitution, which prescribes the foundation of the federal government of the United States, federal government of the United States, as well as various civil liberties. The Constitution sets out the boundaries of federal law, which consists of Act of Congress, Acts of Congress, treaty, treaties ratified by the United States Senate, Senate, regulations promulgated by the executive branch, and case law originating from the United States federal courts, federal judiciary. The United States Code is the official compilation and Codification (law), codification of general and permanent federal statutory law. Federal law and treaties, so long as they are in accordance with the Constitution, preempt conflicting state and territorial laws in the 50 U.S. states and in the territories. However, the s ...
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Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ...
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Law Of The United Kingdom
The United Kingdom has four legal systems, each of which derives from a particular geographical area for a variety of historical reasons: English and Welsh law, Scots law, Northern Ireland law, and, since 2007, purely Welsh law (as a result of the passage of Welsh devolution and the Government of Wales Act 2006 by Parliament). Overarching these systems is the law of the United Kingdom, also known as United Kingdom law (often abbreviated UK law), or British law. UK law arises from laws applying to the United Kingdom and/or its citizens as a whole, most obviously constitutional law, but also other areas - for instance, tax law. In fulfilment of its former EU treaty obligations, European Union directives were actively transposed into the UK legal systems under the UK parliament's law-making power. Upon Brexit, EU law was transplanted into domestic law as "retained EU law", though the UK remained temporarily in alignment with EU regulations during the transition period from 31 Janu ...
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Commonwealth Of Nations
The Commonwealth of Nations, simply referred to as the Commonwealth, is a political association of 56 member states, the vast majority of which are former territories of the British Empire. The chief institutions of the organisation are the Commonwealth Secretariat, which focuses on intergovernmental aspects, and the Commonwealth Foundation, which focuses on non-governmental relations amongst member states. Numerous organisations are associated with and operate within the Commonwealth. The Commonwealth dates back to the first half of the 20th century with the decolonisation of the British Empire through increased self-governance of its territories. It was originally created as the British Commonwealth of Nations through the Balfour Declaration at the 1926 Imperial Conference, and formalised by the United Kingdom through the Statute of Westminster in 1931. The current Commonwealth of Nations was formally constituted by the London Declaration in 1949, which modernised the comm ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ...
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Elnec
Elnec is a Slovak manufacturer of device programming systems for programmable integrated circuits. History Since its founding in 1991, the company has been oriented towards developing and manufacturing developer tools like device programmers, emulators, simulators and logic analyzers. Core business of the company today is only the development and manufacture of equipment that transfers data into various non-volatile semiconductor devices. These devices can be sorted into three categories: Microcontroller, Flash Memory, Programmable Logic Devices. Most of Elnec device programmers can be referred as universal due to support of many programmable devices from different semiconductor companies as Microchip, STMicroelectronics, EM microelectronics, etc. Elnec’s products are sold also under ODM names as B&K Precision, Dataman or Minato. One of company's competitors is Data I/O. Current products Elnec production can be divided into groups: *Multiprogramming systems (Product ...
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Glass LPS
{{Infobox company , name = Glass LPS , logo = , foundation = 1999 , location = Medzilaborce, Slovakia , products = crystal lightings, crystal pendants , revenue = , homepage www.glasslps.eu Glass LPS is a manufacturer of crystal lightings and crystal pendants and one of the major companies in eastern Slovakia, which processes crystal is located in town Medzilaborce. As a main raw material for further process and production of crystal pendants company uses Czech crystal BOHEMIA CRYSTAL. Products of the company include crystal chandeliers with crystal elements from Swarovski. The company exports 90% of their production. History The start of crystal production began in Medzilaborce in 1970, when a well-known Czech company Jablonecke sklarne opened a branch in Medzilaborce, Slovakia. After division of Czechoslovakia into two independent states Czech Republic and Slovakia as well as privatization of companies it stopped its existence. G ...
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