Quiz on Company Types in Slovakia

What is the minimum registered capital required to establish a Limited Liability Company (LLC) in Slovakia?

• 25,000 €

• 5,000 €

• 1 €

• 1,000 €

Which governing body is the statutory representative in a Joint-Stock Company (A.S.)?

• Managing Director

• Supervisory Board

• General Meeting

• Board of Directors

What form of shares does a Simple Joint-Stock Company (J.S.A.) issue?

• Paper

• Book-entry

• Both

Which of the following is a disadvantage of a Limited Liability Company (LLC)?

• Easier sale or dissolution

• Lower capital requirements

• Limited liability of shareholders

• Difficulty to raise capital from investors

What is the minimum capital requirement for establishing a Joint-Stock Company (A.S.)?

• 50,000 €

• 25,000 €

• 5,000 €

• 1 €

In a Simple Joint-Stock Company (J.S.A.), what is the minimum price per share?

• 5 €

• 1 €

• 0.01 €

• 10 €

Which of the following is NOT a mandatory governing body for a Limited Liability Company (LLC)?

• Supervisory Board

• General Meeting

• Managing Director

What is a key feature of a Simple Joint-Stock Company (J.S.A.)?

• It is suitable for sole shareholders

• It requires a minimum capital of 25,000 €

• Suitable for start-ups as it allows for easier entry and exit of investors

What is the liability of shareholders in a Joint-Stock Company (A.S.)?

• No liability

• Unlimited liability

• Dependent on the number of shares owned

• Limited to their capital contribution

What is the primary advantage of forming a Limited Liability Company (LLC) compared to a sole proprietorship?

• Limited liability protection

• Unlimited liability protection

• Less regulatory compliance

• Lower tax rates