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Central Register of Beneficial Owners (CRBO)

Central 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/#/.

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Contractual and statutory warranty – similarities and differences

Not 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?

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B2B contract in Poland – what does it mean?

Running a business is often connected with concluding B2B agreements. This phrase can be seen on numerous occasions, but is always tied to the entrepreneur – which can run their business in the form of a sole tradership, a partnership or a company. What is hiding under B2B then?

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Simplified joint-stock company in Polish Commercial Companies Code from 1st July 2021

Simplified 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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Commercial proxy – an attorney of an entrepreneur

In the context of companies and partnerships, phrase “commercial proxy” is commonly present. You can expect that such a commercial proxy is a major figure from the sole fact that companies and partnerships disclose such commercial proxy in National Court Registry. So what exactly is a commercial proxy?

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Remuneration of a member of the Management Board

Member of the Management Board can provide his management services for the company free of charge. However, he also might receive remuneration. There are many ways of remunerating the members, but every each of them is connected with different responsibilities.

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