Shares 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?
read moreSubmitting a resignation from the position of a management board member in a limited liability company is generally not a complicated matter. However, the situation becomes more complex when the resigning board member is the last remaining person on the board. A resignation statement cannot be submitted to oneself. This scenario is addressed in the Commercial Companies Code, but the procedure is not intuitive. If it is not carried out correctly, the resignation may be deemed ineffective.
read moreDespite its name, a license for conducting business in the field of personal and property protection does not apply solely to traditional ‘security companies’. Such a license may also be required, for example, for providers of alarm or video surveillance systems.
read moreContractual penalties are quite often used in B2B contracts. This is a useful institution that facilitates redress in the event of breach of contract by a col.
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