Statistically, Limited Liability Company (spółka z ograniczoną odpowiedzialnością) is the most popular type of a commercial company. The provisions of Polish Commercial Companies Code permit a natural person to be a single member of an LLC. Incorporating such an entity seems to be a profitable arrangement. Can it be considered profitable in reality?
read moreFixed-term employment contract is a tool commonly used to establish an employment relationship. However, where does the freedom and flexibility of this type of agreement end and its limitations begin?
read moreEmployers take varied measures in order to mitigate costs of employment and eliminate a part of their responsibilities. Some of them, instead of classic employment contract, conclude so-called B2B agreements with job applicants. Others decide to change the method of “employment” after it commences – they decide to change from employment contract to B2B contract. However, concluding B2B contracts can result in some particular kind of risk.
read moreCentral Register of Beneficial Owners (CRBO) is an electronic register made in order to gather data concerning natural persons who are ultimate beneficial owners of a company or a partnership. Its main purpose is to deter money loundering and financing terrorism. In order to gain access to the register or to apply for the register, you have to visit the website: https://crbr.podatki.gov.pl/adcrbr/#/.
read moreNot everyone knows that Polish system differentiates between contractual warranty and statutory warranty. They are two diverse instruments, yet used in relatively similar situations. Even less people are aware of the exact differences between them. What are the differences and what are the similarities between contractual and statutory warranty?
read moreSimplified joint-stock company (prosta spółka akcyjna) is a new type of a Polish company which will start to operate after 1st July 2021, among limited liability company (spółka z o.o.) and joint-stock company (spółka akcyjna). In theory, simplified joint-stock company was created for young businesses and start-ups.
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