Setting Up a General Partnership

Setting up a general partnership (v.o.s.)

A general partnership is a partnership in which at least two persons (legal entities or individuals) carry on business under a common business name and are liable for the partnership’s obligations with all their assets. There is no upper limit on the number of partners. A general partnership is very close to an association, but it has legal personality.

Advantages of a general partnership:

the partners of a v.o.s. are under no statutory obligation to make a contribution,
the partnership is tax-transparent, i.e. it does not pay tax on the profits it makes; profit shares are distributed among the partners according to their stake and then included in their personal tax returns,
setting up a v.o.s. is usually quick (often 9 – 14 working days).

Features of a general partnership:

it is formed by at least two partners joining together,
both individuals and legal entities may be partners,
each partner has unlimited liability for the partnership’s obligations with all their personal assets,
the partnership cannot be founded by a single individual or a single legal entity; it must always have at least two partners.

Our v.o.s. formation service includes:

once payment is received, an initial consultation in person or by telephone covering every step involved in setting up the company. Our specialists will answer any questions you have, point out possible alternatives and help you choose the most cost-effective and time-efficient solution,
preparation of all the documents you need,
full handling of the trade licences,
drafting and filing the application for entry of the company in the Slovak Commercial Register,
payment of ALL court and administrative fees, so after a single payment there are no further costs,
guidance on paying notarial fees,

What must the business name of a general partnership contain?

The business name must include the designation “verejná obchodná spoločnosť”, which may be replaced by the abbreviation “ver. obch. spol.” or “v.o.s.”. If the business name is made up of a partner’s surname and that person ceases to be a partner, the v.o.s. may continue to use the name only with their consent (or, in the event of their death, only with the consent of their heir). If the business name contains the surname of at least one partner, the addition “a spol.” is sufficient.

The best-known general partnerships include: Lidl Slovenská republika v.o.s.

Formation and Establishment of a General Partnership (v.o.s.)

Section 76 of Act No. 513/1991 Coll., the Commercial Code [...]

By Ben135Wade|January 10th, 2020|Categories: Verejná obchodná spoločnosť|Tags: verejná obchodná spoločnosť, založenie vos|0 Comments

Shareholder, partner or founder
Individual or legal entity
Full name
First Last
Company or organisation name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Ownership share, e.g. 80%
Please enter a number from 1 to 100.
Add shareholder #2
- ano
Add shareholder #2
Individual or legal entity #2
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Company or organisation name
Ownership share, e.g. 80%
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add shareholder #3
- ano
Add shareholder #3
Individual or legal entity #3
Full name
First Last
Company or organisation name
Ownership share, e.g. 80%
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country

Director / board member / general partner / partner authorised to act for the company / head of branch / head of organisation
Individual or legal entity - #1
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add person authorised to act for the company #2
- ano
Individual or legal entity - #2
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add person authorised to act for the company #3
- ano
Individual or legal entity - #3
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add person authorised to act for the company #4
- ano
Legal entity 3
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add person authorised to act for the company #5
- ano
Legal entity 4
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Add person authorised to act for the company #6
- ano
Legal entity 5
Full name
First Last
Date of birth
DD slash MM slash YYYY

DD/MM/YYYY
Personal ID number - if assigned
Mother's full name
Mother's maiden name
Father's full name
Company or organisation name
First Last
Address
Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country

			Free over £900: - embossed seal - presentation binder
Mini	Biz	Pro
			Simplified or founding notarial deed
			Powers of attorney
			Land registry extract
			Criminal record extract (to be provided by the client)
			Notarial registration in the Commercial Register
			Commercial Register filing fee
			Obtaining the trade licence
			Trade Register fee
			Bank account
			Virtual office in Bratislava (12 months)
			Corporate Kit / presentation binder
			Preparation and coordination of VAT registration
			VAT registration

Setting Up a General Partnership