One might think that a liquidator acts solely for the benefit of the company and all its shareholders, but nothing could be further from the truth. Sometimes, a liquidator is unreliable and acts solely to protect the interests of one of the shareholders. Is there a remedy for this? Fortunately, yes. The shareholders themselves can take action, and if they cannot agree among themselves, the Commercial Companies Code provides for the possibility of dismissing an unreliable liquidator through the courts.
read moreWhat is the National Court Register (KRS)? What can I check in the KRS? Is the entry in the KRS 100% correct and up to date? Is all data included in the KRS entry?
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 moreShareholders of a limited liability company (spółka z ograniczoną odpowiedzialnością, or sp. z o.o.) are one of its most essential elements—after all, it is thanks to them that the company comes into existence. First, they enter into the articles of association (which must be executed in the form of a notarial deed unless using the S24 online system) and consequently gain a range of rights and obligations related to the operation of the company.
read moreBoth a power of attorney (pełnomocnictwo) and a commercial proxy (prokura) are forms of legal representation. Both the attorney (pełnomocnik) and the commercial proxy (prokurent) act on behalf of and in the interest of the person or entity they represent. The purpose of granting either is to relieve the principal of the need to perform various legal acts personally.
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