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We will efficiently and reliably conduct the registration process of your company. You can trust us.

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Limited liability company

 

Limited liability company can be established by one or more persons for every legally acceptable purpose. Limited liability company. is the safest form of running business. For obligations of the company its shareholders are not responsible, but the company answers. Initial capital (minimum initial capital in limited liability company amounts 5,000 zloty) is divided into shares with equal or unequal nominal value, which have to be taken up by contributing cash contributions or contributions in-kind (such as for example real estate or car). Shareholders do not conduct affairs of the company as a rule, this obligation was ceded to management board, which can be as well multiperson as single. Such rules of functioning the company as division of profit and participation in losses, the rules of representation or the duration of the company should find reflection in the articles of incorporation, which is drawn under pain of nullity in the form of notarial deed.

 

There is also possibility of establishing limited liability company through Internet network. This method is decidedly  faster (shortens the time to seven forecast working days), cheaper (350 zloty of court fee instead of 600 zloty) and less formalized. For using this option possession of trusted profile EPUAP or certified electronic signature is however necessary. Possession of Personal Identity Number PESEL is required to establish trusted profile or putting electronic signature. In the case of the lack of assigned Personal Identity Number PESEL establishing company can occur only in the form of notarial deed.

 

Limited liability company limited partnership is in fact limited partnership, in which general partner is limited liability company. Limited liability company as partner of limited partnership – general partner is responsible for obligations with its whole property. This solution is particularly profitable for entrepreneurs, not only due to principles of bearing responsibility towards potential creditors, but also for tax and financial reasons. It should be noted that limited partnership is not subject to obligation of paying corporate income tax(CIT). Costs of establishing limited liability company, in which only partner is the chairman of the board of limited liability company and simultaneously limited partner are however double. Functioning within this subject requires establishment of two separate companies.

 

Legislator in order to speed up the process of registration of limited partnership provided also possibility of its registration through Internet network. Procedure of internet registration shortens the time of registration to forecast seven working days and also is connected with considerably lower court fee (350 zloty). For using this option possession of trusted profile EPUAP or certified electronic signature is however necessary. Possession of Personal Identity Number PESEL is required to establish trusted profile or putting electronic signature. In the case of the lack of assigned Personal Identity Number PESEL establishing company can occur only in the form of notarial deed.

 

Limited partnership – LP

 

Limited partnership is the company, in which partners run joint enterprise, although responsibility of one of them – limited partner is limited to the amount of so-called sum of the limited liability. In the case of the lack of possibility of satisfying creditors from property of the company, another partner called general partner is responsible for obligations of the company with his whole personal property . However  general partner conducts as a rule all affairs of the company and represents it outside. Limited partner can represent the company only as its representative. Then limited partnership is under the assumption the company, in which one of partners has an idea, wants to pursue it through his own work, while another partner wish to finance business activity without bearing unnecessary economic risk. Principles of functioning company are determined in in its articles of incorporation, which in the case of limited partnership should be drawn in the form of notarial deed. Limited partnership is established at the moment of entry in the register. In order to report it properly to the National Court Register  appropriately filled forms  should be submitted to the competent court due to the place of its future legal seat.  In these documents all information concerning rules of functioning newly creating subject should be presented in formalized way. Law Firm Lex Patronum offers help in preparation of the draft of limited partnership agreement, which will be then incorporated into the content of notarial deed. Our team offer also help in preparation of proper entry forms for registration court.

 

Legislator in order to speed up the process of registration of limited partnership provided also possibility of its registration through Internet network. Procedure of internet registration shortens the time of registration to forecast seven working days and also is connected with considerably lower court fee (350 zloty). For using this option possession of trusted profile EPUAP or certified electronic signature is however necessary. Possession of Personal Identity Number PESEL is required to establish trusted profile or putting electronic signature. In the case of the lack of assigned Personal Identity Number PESEL establishing company can occur only in the form of notarial deed.

 

Law Firm Lex Patronum offers also establishment of limited partnership, in which general partner is the partner running business in the form of limited liability company. This solution is particularly profitable due to principles of legal responsibility and  making the form of taxation more beneficial.

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