Liquidation of spółka z ograniczoną odpowiedzialnością (Polish LLC)

This article is about the liquidation procedure of the Polish LLC (spółka z ograniczoną odpowiedzialnością). Are you interested in this case? Let us show you how it works in Poland before you contact us!

1. Resolution on the opening of liquidation

This is the initial step of the liquidation process. All of the shareholders should agree on the termination of the company. The resolution is adopted by the shareholders at the notary, so the presence of each is obligatory unless you want to appoint a proxy.

2. Appointment of liquidators

Secondly the company in liquidation has no management board. From this moment all of the decisions are made by the liquidators, who usually are appointed by the partners.

3. Application to the court and calling the company’s creditors

In addition, the opening of the liquidation process shall be reported to the registry court. At the same time it is very important to submit the notification to the Court and Economic Monitor with the announce for company’s creditors. This notification shall inform that in next 3 months from publishing the announcement, they can submit their claims against the company.

4. Opening liquidation balance sheet

It should be prepared and approved by the shareholder’s meeting. After that it should be submitted to the court.

5. Liquidation activities

  • closing all current issues
  • collecting all company’s debts
  • fulfilling its obligations
  • liquidate the company’s assets

6. Division of assets

Meanwhile, liquidators shall end all of the company’s business including all of debts and any other issues from point 5. Not earlier than 6 months after opening the liquidation process, the funds could be divided between the shareholders.

7. Finishing the liquidation of spółka z o.o.

First of all – the shareholders’ meeting should approve the liquidation report. After that, the company should submit the application to the court regarding finishing the liquidations process and striking from the register. This is the last step and the company ends its existence.

Do you need our help?

If you have any additional questions or you are ready to start liquidation process of spółka z o. o. – leave us a massage dokumenty@KRSdlaFirm.pl. We respond for your question as fast as it is possible but it usually takes up to 24 hours.

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