On 1 July 2021, a new type of company, a simple joint-stock company, was introduced into the Polish legal system. Similarly to a regular joint-stock company, it is a capital company, but its registration and functioning require fewer formalities. Below we outline in more detail how of a simple joint-stock company operates. A word of […]
In the Polish legal system, the only business entities with share capital are a limited liability company and a joint-stock company. The law requires a minimum amount of the share capital for these companies, while the maximum amount is not specified. Importantly, in the course of operation of a limited liability company and a joint-stock
The general meeting of shareholders is a governing body that only exists in a joint-stock company. A joint-stock company is a capital company with a legal personality. However, it cannot properly operate without its governing bodies. Described below are the tasks of the general meeting of shareholders and the ways in which it operates.
The term “dividend” is inseparably linked to shareholders in a joint-stock company. Capital companies, including joint-stock companies, engage in operations usually meant to generate profit. A company may share its profit with its shareholders. Explained below are the questions of what a dividend is, who may receive it and in what amount. What is a
The convocation procedure is related to the functioning of a joint-stock company. A joint-stock company is one of the two types of capital companies provided for in the Polish legal system. Each such company must have a share capital. The convocation procedure is a procedure held in a joint-stock company when its bodies decide to
Redemption (repurchase) of shares in a joint-stock company is often linked to a reduction of its share capital. Share redemption may result from circumstances specified in the company’s articles of association or from generally applicable provisions of law. Described below are the situations in which redemption of shares may occur. We explain the share redemption
The Code of Commercial Companies and Partnerships provides for several types of business entities, one of which is a limited partnership (spółka komandytowa). A limited partnership has legal capacity, the capacity to perform acts in law and the capacity to be a party to court proceedings. However, just like other partnerships (and in contrast to
A registered partnership, also referred to as a registered partnership (spółka jawna), is one of the forms of conducting business activity available to entrepreneurs. For some time now, it has been possible to form a registered partnership in two ways – either by traditional methods or over the Internet. Below we explain the registered partnership
Currently, a limited liability company (spółka z ograniczoną odpowiedzialnością) can be formed in two ways – in the traditional way and electronically, over the Internet. Presented below are the main similarities and differences between the process of setting up a limited liability company over the Internet and in the traditional way. Limited liability company –
