Sale of a company

In order to add more information about business in Slovakia and companies in Slovakia, it is possible to sell a company or buy a company. Here we bring you some info just in case you want to sell your company.

The ownership interest shall represent the rights and duties of a member and thereto –

corresponding participation in the company. It shall be determined as a ratio between the

member–s pledged contribution to the company and the company–s registered capital, unless the memorandum of association provides otherwise.

Each member may only have one ownership interest. If any member makes additional contribution to the company, its ownership interest shall be increased pro rata to the amount of such additional contribution.

One ownership interest may be owned by more than one person. Such persons shall exercise their rights arising out of the ownership interest through a joint representative and shall bear joint and several liability for the payment of their pledged contribution.

(1) Unless the memorandum of association provides otherwise, a member shall be free to

transfer its ownership interest to another member under an agreement, subject to the approval of the transfer by the general meeting.

(2) If admitted by the memorandum of association, a member may transfer its ownership interest to a third party. The memorandum of association may provide that an approval of the general meeting shall be required for any transfer of the ownership interest to a third party.

(3) The agreement concerning the transfer of the ownership interest must be made in writing and the signatures thereon must be officially authenticated. If the transferee is not a member in the company, it must represent in the ownership interest transfer agreement its will to adhere to the memorandum of association and to the articles of association, if any. The transferor shall be liable for the obligation of the transferee to pay up its pledged contribution.

(4) The transfer of the ownership interest  shall be effective vis-a-vis the company upon receipt of the ownership interest transfer agreement, unless the effective date of such an agreement was set to a later date. Notwithstanding the above, it shall not be effective prior to the approval of the transfer of the ownership interest by the general meeting in cases, in which the law or the memorandum of association require an approval of the transfer of the ownership interest by the general meeting. Don´t hesitate to contact us for further info.