The head of the unit and the person entrusted with the bookkeeping are responsible for the preparation of the annual financial statements. The head of the unit shall ensure that the report is prepared and submitted to the competent authorities within three months from the balance sheet date. If the unit is managed by a multi-person body, the financial report is signed by all members of this body and the person entrusted with keeping the account books.Continue Reading..
Entrepreneurs are forced to frequently issue invoices, but also receive them from others as a proof of sales. The latter type can also be included in the costs incurred by the entrepreneur. However, in order for this to happen, the invoice must contain correct data. If the invoice contains errors, it is necessary to issue a correcting note by the buyer.
In 2016, 7.1 thousand new companies with foreign capital participation appeared in the National Court Register.It’s a record of all time.
The number of registration of polish companies in the National Court Register(KRS) proves that Poland is still an attractive market for foreign investors who see in our country the potential to make money.
The amount of PLN 129 million in the form of low-interest investment loans will go to companies from the sector of small and medium-sized enterprises in the Lodzkie and Małopolskie voivodeships. The agreement for their implementation with financial intermediaries was signed by Bank Gospodarstwa Krajowego.
The period of preferential payment of social security contributions will be extended to 3 years – proposed MRPiPS. The baseline would be 30 percent of the minimum wage in the first and second year of business and 60% in the third year.
A limited liability company is an independent entity with legal personality. It is the most common type of company with legal personality in Poland. For entrepreneurs planning economic endeavours on a larger scale or connected with considerable risk, the choice of a limited liability company is usually very advantageous.
As part of the registration procedure both public and private companies must provide a constitution which sets out the powers of the company and allocates them to the company’s organs, usually the general meeting and the Board of Directors. This constitution consists of two documents: the Memorandum of Association and the Articles of Association.