For Polish Why a limited liability company? The limited liability company is the most popular form of conducting business in Poland. This is hardly surprising. This business form allows for the limitation of the entrepreneur’s financial liability (the partner is not liable with his/her private assets), can be established with a low financial outlay (the…
Did you fail to file your tax return on time? Or did you hide the true extent of your business activities from the tax authorities? Have you forgotten to pay your taxes on time? Unfortunately, for various reasons, such as forgetfulness, lack of knowledge or simple error, tax obligations are often not fulfilled on time…
Every entrepreneur sooner or later asks himself what expenses he can count as deductible. This topic is quite controversial and inexperienced entrepreneurs often do not know how to deal with this problem and how not to make any mistakes. When an entrepreneur reaches for his or her wallet to pay for coffee and biscuits for…
In June this year, the Ministry of Finance prepared an amendment to the Tax Ordinance, which is to introduce changes concerning, among other things, tax interpretations. The novelties are intended to come into effect from 1 July 2024; the bill is currently undergoing consultation. The biggest changes are to relate to application fees, the validity…
On 22 May 2023, the Family Foundation Act came into force. The aim of the new law is to protect family assets, minimise the consequences of a failed succession and guarantee the continuation of business activities in the form of a family foundation. The transfer of the assets through the instruments provided by the law…
Changes on the economic market, deterioration of the financial situation or new investments often force a limited liability company to raise additional funds. The Polish Commercial Companies Code provides such a possibility in the form of additional contributions from the shareholders. This is an instrument beneficial to the company in a situation where it does…
Despite the fact that regulations tightening the regime for posting workers to EU countries came into force in 2020, the majority of entrepreneurs still fail to comply with the requirements of the EU and the country of posting when sending workers abroad. Unaware of the rules, employers often only find out about the posting requirements…