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
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 legal structure for a
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 Sta ...
. It is the rough equivalent of
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
LLC and
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
(and certain
Commonwealth countries
The Commonwealth of Nations is a voluntary association of 56 sovereign states. Most of them were British colonies or dependencies of those colonies.
No one government in the Commonwealth exercises power over the others, as is the case in a po ...
)
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 with limited liability’) is the Czech and Slovak legal structure for a private limited company
A private limited company is any type of business entity in "private" ownership used in many ...
References
{{DEFAULTSORT:Spolocnost s rucenim obmedzenym
Legal entities
Types of business entity
Slovak business terminology