#4 TzOV (limited liability company)
A J.d.o.o. is similar to a d.o.o., but is typically used for companies with limited startup capital. The required startup capital to establish a J.d.o.o. is only 1 euro. It can have up to 5 founders and can be established in person or online.
Suitable for: Businesses with low overhead and startup costs, such as online businesses
#5 J.T.D. (General Partnership)
A general partnership (Javno trgovačko društvo, J.t.d.) is when two or more individuals join together to conduct business on a permanent basis as part of a joint company. Each partner bears unlimited liability to the partnership’s creditors with all of their assets. A partner may not dispose of their interest in the partnership without the consent of the other partners.
Pros: You share knowledge with your partners, and you have an extra pair of hands when needed
Cons: If you want to leave the partnership, you need the consent of the other partners
#6 k.d. (limited partnership)
A limited partnership (k.d.) is a business entity in which two or more individuals join together to conduct business on a permanent basis as a joint venture. A limited partnership requires that at least one partner bear unlimited liability for the partnership’s obligations with all of their assets. This person is called a general partner.
In addition, at least one partner is liable for the partnership’s obligations only to the extent of a specific capital contribution to the partnership. This person is called a limited partner.
Good for: If you need a “silent” partner with assets, this is a great way to start a company with a partner
Not suitable for: As the general partner, you bear greater responsibility for the risks
#7 obrt (commercial business)
An obrt is not a traditional company; instead, it is tied to a specific person and the type of “trade” in which they specialize. For example, mechanics, hairdressers, and carpenters fall into this category. Certain types of obrt require professional qualifications, while others do not.
Although an obrt may have employees, just like a company, the business lives and dies with the individual, unlike a company. The business entity cannot exist without the person who registered their “craft” as an obrt.