What is Sp. z o.o.?
Limited liability company
Sp. Z o. o. (Spółka z ograniczoną odpowiedzialnością) or (limited liability company) is one of the most frequently used forms of doing business in Poland, both among Poles and among foreign citizens. As a rule, persons planning to start their own business consider the choice between an individual entrepreneur and a company with z o.o.
The founders of the aforementioned form of ownership can be either one or several individuals and / or legal entities.
The big advantage associated with running a limited liability company is the limited liability of partners for the company's debts - up to the amount of contributions.
ATTENTION! To create a limited liability company, you must have a capital of at least PLN 5,000
By analogs of Sp. Z o.o. in some countries are:
LLC in Russia;
TOV in Ukraine;
LLC (Limited Liability Company) in many English-speaking countries;
S.R.O (Společnost z Ručením Omezením) in the Czech Republic or
GmBH (Gesellschaft mit beschränkter Haftung) in German-speaking countries.
Company registration Sp. Z o. o. in Poland
Possible in two ways:
Traditional, drawing up a form of a notary deed by a notary;
Independently, through the portal of the Ministry of Justice S24.
On the website of the Ministry of Justice, there are only some standard templates for filling out the form. If there is no specific template among them, then you should contact a lawyer.
The articles of association or articles of association must contain at least:
company (name) and company headquarters,
the subject of the company,
the size of the authorized capital,
information on whether a partner can have more than one share,
the number and par value of shares held by each partner,
the duration of the company, if marked.
These are the minimum requirements for a company to function. Unless otherwise specified in the contract, the Business Companies Code applies.
After the end of the registration process of the company Sp. Z o. o. automatically receives the KRS number and will be registered in the Court Register.
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