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Read the latest news, useful tips, and practical information from the world of accounting, administration, and business growth.
2026-09-02 11:26:00
Director of an LLC in BiH: Rights, Legal Obligations, and Liabilities Under the Law
The position of director (management) in a limited liability company (d.o.o.) carries the greatest authority in the operational management of a business entity, but at the same time implies the highest level of legal, financial, and criminal liability. One of the most common misconceptions is the belief that the limited liability of the company protects the director from any personal risks. The Law on Companies, the Labor Law, tax regulations, and the Criminal Procedure Code clearly prescribe the rules of corporate management. Below is a detailed overview of the rights, duties, and liabilities of a director in BiH, along with advice on how to ensure lawful business operations through professional bookkeeping and accounting services.
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2026-08-18 09:43:00
Cash Withdrawal from Bank Account
One of the most common misconceptions among entrepreneurs is that they can freely dispose of money from the transaction account of a business entity (LLC) or a sole proprietorship (obrt). According to the effective laws in Bosnia and Herzegovina, money in a company's bank account is strictly the property of the legal entity. Any cash withdrawal and handling of cash transactions are strictly regulated by the Law on Internal Payment Transactions and the Decree on the Conditions and Manner of Cash Payments in FBiH. The Tax Administration and financial inspectors conduct regular and rigorous audits of cash flows. Misuse of cash withdrawals, lack of supporting documentation, or ignorance of legal prohibitions lead to forced account blockades, high misdemeanor fines, and retroactive calculations of income tax and contributions. Below is a detailed overview of what is legally permitted and what is strictly forbidden to pay in cash, the rules mandated by the Decree on Cash Payments, and how a expert bookkeeper, accountant, and professional bookkeeping service ensure lawful business operations.
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2026-08-18 09:26:00
Most Common Fines for Sole Proprietorships in BiH: How to Avoid Them with Professional Bookkeeping and Accounting Services
Operating as a sole proprietorship (obrt) in Bosnia and Herzegovina offers the key advantage of easier access to and management of funds, but it also entails full liability—the sole proprietor is personally liable for all business and tax obligations with their entire personal assets.
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2026-08-11 11:07:00
Bookkeeping and Accounting Services in BiH: Most Common Fines for LLCs and How to Avoid Them
Managing a limited liability company (d.o.o.) in Bosnia and Herzegovina carries great responsibility. Tax regulations, the Labor Law, the VAT Law, and fiscalization rules are extremely strict, and fines for non-compliance can range from a few hundred to tens of thousands of Convertible Marks (BAM). Unintentional errors, late submission of reports, or unfamiliarity with legal amendments are the most common reasons why inspectorates (Tax Administration, ITA, Labor Inspectorate) issue high penalty notices. Below is an overview of the most common fines faced by d.o.o. owners and tips on how to avoid them through professional bookkeeping and accounting services.
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2026-08-11 10:49:00
Bookkeeping and Accounting Services in BiH: Integrated Support Alongside Lawyers, Auditors, Software Companies, and Fiscalization Providers
In today's business environment in BiH, running an independent business (sole proprietorship) or a company (LLC) comes with numerous administrative, legal, and tax challenges. The greatest loss of time and money for entrepreneurs occurs when they have to communicate separately with different vendors and institutions. While the accountant asks for one thing, the lawyer advises another, the auditor demands additional analyses, IT support doesn't understand accounting regulations, and the fiscal device technician is delayed with setup—you lose precious time that you should be investing in business growth. At Agencija Poslovnost d.o.o. Sarajevo, we decided to put an end to that!
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