Every 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.
read moreThe Accounting Law imposes an obligation on the entities designated therein (among others, commercial companies) to prepare annual financial statements. Until now, the issue of signing such a report did not raise major questions – the report had to be signed by all members of the entity’s governing body and by the person keeping the entity’s books, i.e. the accountant. However, as a result of amendments to the Accounting Law, from January 1, 2022, the possibility of signing the financial statements by one member of a multi-member body was introduced.
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