Simple public limited-liability company, as a new type of capital company

09.01.2020 r.

Simple public limited-liability company, as a new type of capital company

On March 1, 2020, the Act amending the Commercial Companies Code enters into force. The main change is the introduction of a new type of capital company into Polish law. The Polish legislator has introduced a simple public limited-liability company (PSA for short) in addition to a limited liability company, and a public limited-liability company.

A PSA combines the features of a partnership with those of a capital company. As in partnerships, it will be possible to contribute work or services to a PSA. A PSA combines the mechanism of raising capital through the issue of shares with capital companies, especially public limited-liability companies.

The primary characteristic of a PSA is the reduced number of formalised rules relating to the functioning of the company's structures, as well as a greater simplification connected to trading in the company's shares.

A PSA can be formed by one or more people but with the exception of a sole proprietorship limited liability company.

 

 

/JF/