The assets of a limited liability company (sp. z o.o.) are legally separate from the assets of its shareholders. Funds cannot simply be withdrawn from the company’s account at any time or in any amount. The law does, however, provide several legal routes for transferring money to a shareholder — and the right method depends on whether it concerns regular remuneration or a one-off distribution of profit.
read moreIn recent years, artificial intelligence has found ever wider application across many areas of business. This also applies to advertising agencies – AI tools now assist in generating graphics, music, and even entire advertisements and campaign scripts. This speeds up work and cuts costs, but it also raises several legal issues worth considering before a finished ad reaches the client and the market.
read moreToday, almost every business entity has a website, and many also have their own application or online system. As a result, UX (user experience) and UI (user interface) are playing an increasingly important role, as they concern the design of user experiences and the appearance of interfaces (for example, the ease of navigating a website or the logic behind an application’s functionality). Therefore, when entering into a contract with a UX or UI designer, it is worth paying attention to several details that can significantly improve the efficiency of the cooperation.
read moreShares in an LLC can generally be traded fairly freely. In the context of transferring such shares, the most common case is their sale. Shares can also, for example, be pledged or gifted. However, before any such transaction, it is necessary to check whether legal regulations or the company’s articles of association impose any restrictions in this regard.
read moreThe share capital of a limited liability company does not have to be covered solely by cash contributions. It sometimes happens that a shareholder, instead of money, wishes to offer the company, for example, real estate, a vehicle, know-how, or the right to a trademark. Such a solution is possible, although not in every case.
read moreWhen establishing a limited liability company (sp. z o.o.), few people think about ending its operations. Meanwhile, situations arise where, due to conflicts between shareholders or an unfavorable financial situation, the company effectively ceases to function in practice. At this point, the question usually arises: how can the company’s existence be formally terminated? Is it possible to simply remove it from the National Court Register (KRS)? Or is formal liquidation always required?
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