Entering into non-competition agreements is extremely popular nowadays. However, not everyone knows that a board member of an LLC in Poland does not have to sign such an agreement at all in order to be bound by a non-compete with the company. This is because the prohibition of competition for members of the management board of an LLC in Poland derives directly from Article 211 of the Commercial Companies Code (CCC) and is a so-called statutory prohibition.
read moreEvery limited liability company (sp. z o.o.) in Poland must have a body authorized to represent and manage it. This body is the management board (zarząd). Holding the position of a management board member entails significant responsibility borne by each person in that role.
read moreSimplified share capital increase – what is it about?
It has almost become a standard nowadays to introduce into the articles of association of a limited liability company a provision on the possibility of increasing the company’s share capital to the value specified in the agreement within a certain period of time, without the need to amend the agreement (so-called simplified share capital increase). This provision is practical insofar as, in the event of a need to quickly recapitalize the company, it is possible for shareholders to pass a resolution to increase the share capital without the need to involve a notary public in the entire process. However, this popular element of the articles of association may not always be used in practice, and sometimes shareholders, despite unanimous agreement on the need for a share capital increase, must resort to the traditional solution, i.e. a capital increase by amending the articles of association.
read moreAlthough the European Unique Identifier (EUID) has been in place for several years, it was only with the entry into force of the DORA Regulation that many companies became interested in the issue.
read moreWhat are the differences between them? Establishing which form of business will be most beneficial for me?
read moreWith certain exceptions, Polish law does not impose an obligation to use attorneys or legal counsel in court cases. However, are there reasons why entrepreneurs (both sole proprietors registered in CEIDG and companies) should seriously consider using a professional attorney in a court case? In this article, we outline some of the reasons why such assistance may be needed.
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