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Business liquidation
in Poland

Legal aspects and support

Regulation of suspension and liquidation of enterprises in Poland

In Poland, there are legislative mechanisms for temporary suspension or permanent termination of a business. In light of the fact that not every business project turns out to be successful, the possibility to temporarily stop or close a company is an important tool for entrepreneurs.

Polish law defines two main methods of business termination: suspension and liquidation. Suspension of the company's activity is possible for a period of one month to two years, which is a relatively simpler procedure compared to liquidation. Suspension implies a number of specific conditions that must be taken into account when making a decision.

Liquidation of a company is a more complex and lengthy process. It is difficult to predict the exact timeframe for completing the liquidation as it depends on many factors, including the actions of government agencies. The process requires careful planning and attention to detail to ensure that all legal requirements are met.

Thus, Polish law offers effective solutions for business management in difficult circumstances, allowing entrepreneurs to respond adequately to changes in the business environment. We strongly recommend utilising our professional services to ensure that all legal requirements are met when suspending or liquidating your legal entity.

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Step-by-step algorithm

How to liquidate (suspend) a business in Poland

Preparation

Adoption of a decision on liquidation and appointment of a liquidator

Filing of documents

Preparation and submission of documents to KRS and MSiG

Liquidation activities

Completion of contracts
Inventories
Liquidation balances
Sale of assets
Satisfaction of creditors' claims

Completion

Preparation of long-term records
Notice of Completion of Liquidation