SUMMARY chapter 4 cz

National law – CZ – Business law – chapter 4

Business is an activity performed by a businessman consistently, independently, by own name, at your own responsibility and to make a profit. All these business characters must be fulfilled at the same time.

Businessman is a person registered in the Commercial Register (public list in which the statutory data on entrepreneurs are entered and is kept in electronic form)who is doing business under a trade license, or who is doing business under a non-trade license, or who operates agricultural production and is registered in accordance with special regulations.

The issue of commercial corporations is regulated by Act No. 90/2012 Coll. on Commercial Companies and Cooperatives (Act on Commercial Corporations) and Act No. 89/2012 Coll. Civil Code.

Business corporations are legal entities, and as a body of rights having rights and obligations, they will therefore be accountable for their obligations. By law, business corporations and cooperatives are considered commercial corporations. Commercial companies include a public limited company, a limited partnership, a limited liability company, a joint stock company and a European company and a European economic interest group. Cooperatives are a cooperative and a European cooperative society.

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