Czech Republic: Types Of Company
A Co-operative can be formed by at least five members. A minimum of two legal entities may also form a Co-operative. There is a minimum requirement of CZK50,000 for each member and details must be lodged with the Commercial Register. Members have no liability for the debts or obligations of the Co-operative. There is a requirement to establish a reserve fund (indivisible fund) of 10% of the registered capital.