DOING BUSINESS IN POLAND

Company in Poland - an activities of natural or legal persons based on a contract or a statute and usually intended to run a business. As for the name - company - there are many different legal institutions that have little in common with the name. Companies in Poland are usually systematized according to the branch of law that regulates them.

Limited liability company (LLC) in Poland ( sp. z o.o. in polish) - is a legal form of an enterprise created by one or more persons, called shareholders, who are responsible for the company's obligations to a limited extent. This kind of a company is numerous in Europe, including Poland.

Some rights of shareholders in a LLC in Poland are acquired by every shareholder of the company, some are given by the provisions of the contract or depend on fulfillment of certain conditions.

In Poland, joint stock companies now operate under the Code of Commercial Companies, previously regulated by the Commercial Code. The share capital of a public joint stock company is divided into shares of equal value. These shares may be quoted (bought and sold) on the stock exchange.

General partnership in Poland (abbreviated sp.j.) is a company operating under its own name and is not a capital-based company. It does not have a legal personality, but it owns its assets, which consist of contributions to the company and the property acquired by the company during its existence.

In a general partnership company, all partners are jointly and severally liable with the other partners and the company, without limitation, with all its assets, whether present or future. However, the principle of subsidiary liability of partners is in place. It means that the creditor can only enforce the partner's assets when the execution of the company's assets is ineffective, but that does not mean that the creditor can not file a lawsuit against the partners beforehand.

In a general partnership company, all partners are jointly and severally liable with the other partners and the company, without limitation, with all its assets, whether present or future. However, the principle of subsidiary liability of partners is in place. It means that the creditor can only enforce the partner's assets when the execution of the company's assets is ineffective, but that does not mean that the creditor can not file a lawsuit against the partners beforehand.

Accounting in LLC in Poland differs greatly from the way it is conducted in a single person business. There are also different ways to deal with tax authorities in Poland. The first major difference is that a LLC in Poland has no right to choose book-keeping method.

Simplified accounting for business in Poland includes three basic forms...

The seat of a limited liability company in Poland is the place where its governing body is located, unless otherwise specified in the company agreement or otherwise specified by the law.

According to the Polish Code of Commercial Companies the agreement of a limited liability company should specify...

According to the Polish Code of Commercial Companies the agreement to establish a limited liability company(LLC) in Poland it is required to...

The Management Board registers the company to the court of registration competent for the seat of the company. All members of the board sign up the registration form.

The registration application of a limited liability company(LLC) in Poland with a registered court should include...

Unless otherwise provided by law or company agreement, partners in limited liability company(LLC) in Poland have equal rights and obligations in the company....

The sale, part or fraction of the share should be made in writing with notarized signatures. Sale of a share the pledging of a share of a company agreement may be subject to the consent of the company or otherwise limited...

The Management Board is obliged to maintain a book of shares in which the name and business name, and seat of each partner, the address, the number and nominal value of his shares...

A shareholder is entitled to a share in the profit resulting from the an annual financial statements and allocated to distribution by the resolution of the meeting of shareholders....

The Management Board is obliged to maintain a book of shares in which the name and business name, and seat of each partner, the address, the number and nominal value of his shares...

The board of directors handles the affairs of the company and represents it. The board consists of one or more members. Management may be appointed from among or outside of the group of shareholders. A member of the board of directors is appointed and dismissed by a resolution of shareholders, unless the company agreement provides otherwise. A member of the board may be revoked at any time by a resolution of shareholders.

Every shareholder is entitled to exercise a control over LLC in Poland. To this end, a shareholder may review the company's books and documents at all times, make a balance sheet for his / her use, or request clarification from the board. The Management Board in LLC in Poland may refuse to provide explanations and access to the company's books and documents if there is a reasonable fear that the shareholder will use them for purposes that are contrary to the interests of the Company and thereby cause significant harm to the Company.

The dissolution of LLC in Poland may be caused by the reasons provided for in the company contract as well as ...

The opening of liquidation of LLC in Poland takes place on the day of a ruling on termination of the company by the court, the adoption by the shareholders of a resolution to dissolve the company or any other reason for its dissolution...