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Terms found Capital company Commercial partnership Convertible bonds Equity General meeting General partnership Joint-stock company Limited liability company Limited partnership Merger of companies Natural person Negative equity Pledge Prohibition on the return of contributions Restrictions on the transferability of shares and interests (so-called winkulacja) Share Silent partnership

Limited liability company

This term refers to the law of the country selected below.

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What is a limited liability company?

A limited liability company is a capital company and acquires legal personality upon registration in the National Court Register (KRS). It may be formed by one or more persons for any legally permissible purpose, subject to statutory exceptions.The share capital of a limited liability company must amount to at least PLN 5,000, and the nominal value of one share may not be lower than PLN 50.The company itself is liable for its obligations. Once the company has been formed, shareholders are, as a rule, not personally liable for those obligations; separate provisions may, however, impose liability on other persons, such as management board members, where the statutory conditions are met.

Legal basis: Articles 151–154 KSH and Article 12 KSH.

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Capital company Capital company Icon Joint-stock company Joint-stock company Icon Prohibition on the return of contributions Prohibition on the return of contributions Icon Share Share Icon General meeting General meeting Icon Convertible bonds Convertible bonds Icon