The Act on Foundations is quite laconic on the details of how to establish a foundation in Poland. The article contains general information on formalities, further steps and the way to establish a foundation.
The decision to close a liquidation involves a number of formalities necessary to finalise it. Compared to the liquidation of a company, the process is de-formalised – but requires time, funds and an action plan.
The termination of a registered association does not consist only of filing an application for the deletion of the entity from the KRS. In order to terminate the entity, a liquidation process must be carried out. It has been described below.
Public Interest Activity and Public Interest Organization
Experience shows that most clients associate public interest activities with the status of a public interest organization (PIO). However, this is a radical simplification, as the two institutions do not necessarily have to coexist.
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