News

A financial statement is a document containing essential financial and accounting information about a company’s annual operations. Financial statements are prepared by entities that maintain full accounting records and are subject to the Accounting Act. This obligation does not apply to all entrepreneurs or commercial law companies, although, as a rule, they are required to […]

Are you planning to buy a house in Italy, an apartment in Spain, or perhaps invest in commercial real estate in France? Ensure the legal safety of your transaction – trust the experience of SKLAW   Buying property abroad is a dream for many – often driven by the desire to have a vacation home,

Inheritance is a fundamental aspect of inheritance law, encompassing both private assets and those related to business operations.   Depending on the nature of the inherited assets, the process varies in terms of formal, tax, and organizational aspects. Inheriting a business or shares in companies differs significantly from inheriting private assets. It may involve not

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

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

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

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