A limited liability company (spółka z o.o.) is one of the most popular forms of business activity, in which the shareholders are usually natural persons. Proper succession planning facilitates the transfer of shares in the event of a shareholder’s death. The issue of share inheritance is complex enough that it should be considered at the […]
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According to the applicable regulations in Poland, if the company has not paid the tax, the tax authority first enforces the company’s assets, and when the enforcement is ineffective, it initiates proceedings against the members of the management board and demands payment of the arrears jointly responsible for the tax liabilities. In February 2025, the
A non-compete clause is one of the key issues in civil and commercial law, aimed at protecting the interests of businesses from the activities of their board members, shareholders, or employees who might use their positions to gain personal benefits, thereby acting to the detriment of the company. According to Article 211 of the
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The acquisition of shares in Polish companies by foreigners is a matter of interest to many foreign investors who recognize the potential of doing business in Poland. While the process is open to investors from abroad, it requires compliance with a range of legal regulations governing the transfer of shares involving foreigners. This article outlines
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Poland, strategically located in Central Europe, offers a robust business environment for foreign investors looking to expand their operations in the European Union. This article outlines the key steps involved in such an investment, from acquiring real estate and obtaining construction permits to building and launching the factory operations. Real Estate Acquisition First
Squeeze out is a procedure regulated by the Commercial Companies Code (CCC), otherwise known as “squeezing out of a company.” It involves the compulsory buyout of minority shareholders’ shares by majority shareholders or the dominant company in a group of companies, without the need for minority shareholders’ approval. Majority shareholders are those who collectively hold
Characteristics There are many forms of business activity, one of which is single-person limited liability company. A characteristic of a single-person limited liability company is that all shares belong to one shareholder, who makes all decisions in the company. A very important feature of a single-person limited liability company is that it has the
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The European Union published a new package of regulations on anti-money laundering/countering the financing terrorism (hereinafter the “AML/CFT regulation package”) on 19 June 2024. The new regulations are mainly aimed at strengthening controls over the flow of money, as well as improving the detection of criminal activities. The changes relate to the organization of the
Obligations of a partner in a one-person limited liability company According to Article 8(6)(4) of the Social Security Law, a partner in a one-person limited liability company. (who owns 100% of the shares) is treated on an equal footing with persons engaged in sole proprietorship activity. So he is is obligated to pay Social
On 13 March 2024, the European Parliament passed AI Act, and it is currently awaiting formal approval by the EU Council. The regulation will be applied directly by EU member states. What is the AI Act? The AI Act sets out rules for the use, monitoring and transparency as well as supervision of