{"id":447,"date":"2019-07-02T17:48:21","date_gmt":"2019-07-02T15:48:21","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/pulapki-czekajace-przy-przeksztalceniu-firmy-w-spolke\/"},"modified":"2019-07-02T17:48:21","modified_gmt":"2019-07-02T15:48:21","slug":"the-pitfalls-that-await-when-transforming-a-company-into-a-partnership","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/the-pitfalls-that-await-when-transforming-a-company-into-a-partnership\/","title":{"rendered":"Traps awaiting when converting a company into a partnership"},"content":{"rendered":"<p>The most popular legal form of running a business in Poland is JDG (sole proprietorship). Such a company is easy to set up, registration of the business does not cost anything, and usually there is no need to keep full accounting. However, over time, when the company begins to grow, an injection of capital may be needed. In this situation <a href=\"https:\/\/pmrsa.pl\/en\/10-things-worth-knowing-about-consumer-bankruptcy\/\"  data-wpil-monitor-id=\"691\">it is worth considering setting up a company and knowing<\/a>, what risks lurk for the entrepreneur. What are these risks? We advise.<\/p>\n<p>According to Tax Care data (Entrepreneurship Index), almost 3 million sole proprietorships were registered in Poland by the end of 2018. This strong trend continues, as from January to February of this year the number of sole proprietorships increased <a href=\"https:\/\/pmrsa.pl\/en\/despite-the-crisis-companies-in-poland-do-not-give-up-on-investing-in-it\/\"  data-wpil-monitor-id=\"466\">In Poland, on average, there are over 900 companies<\/a> daily.<\/p>\n<p>Although running a JDG has many advantages, it is not without its disadvantages. One of them <a href=\"https:\/\/pmrsa.pl\/en\/the-worlds-largest-chemical-company-lowers-its-annual-targets\/\"  data-wpil-monitor-id=\"295\">the biggest one is the responsibility of the owner for the company&#039;s obligations with all his assets<\/a>. This can be especially risky when a company has spread its wings. In case of financial troubles, it can end <a href=\"https:\/\/pmrsa.pl\/en\/these-are-the-industries-most-at-risk-of-losing-liquidity\/\">loss of liquidity<\/a> financial and, consequently, bankruptcy of the owner. <a href=\"https:\/\/pmrsa.pl\/en\/transformation-of-the-company-into-a-joint-stock-company\/\"  data-wpil-monitor-id=\"2069\"><\/a>However, after the transformation of the company, it is the company that is liable for its obligations, not the entrepreneur with all his assets.<\/p>\n<p>Forming a company also allows you to raise additional capital to run your business, which encourages business growth. Most entrepreneurs know the advantages of converting a sole trader into a company. However, few know that there are mines along the way that can be defused in advance.<\/p>\n<p><b>What should be borne in mind?<\/b><br \/>\n1. Remember the transition period<br \/>\n2. Close the accounts<br \/>\n3. make a list of assets<br \/>\n4. report to the Tax Office that you do not pay VAT<br \/>\nRemember the VAT-7 tax return<br \/>\n6. Don't forget the VAT-R registration declaration<br \/>\n7. Remember your obligations to the Social Security<br \/>\n8. Open the accounts<br \/>\n9. take a reading of the cash register<br \/>\n10. be aware of company name issues<br \/>\n11. enjoy an extended financial year, but not for too long<br \/>\n12. in certain situations, you may be liable with your assets for the company's liabilities<\/p>\n<div class=\"ramka1\">- When transforming a sole proprietorship into a limited liability company, there is a three-year transitional period in which, jointly and severally with the company, the entrepreneur continues to be liable for liabilities incurred before the transformation, warns Ma\u0142gorzata Anisimowicz, president of PMR Restructuring SA.<\/div>\n<p>A full discussion of the above topics can be found below:<\/p>\n<div class=\"stopka1\"><b>The material appeared in Gazeta Ma\u0142ych i \u015arednich Przedsi\u0119biorc\u00f3w:<br \/>\n<img decoding=\"async\" src=\"\/wp-content\/uploads\/2023\/07\/gazetamsp.jpg\" title=\"\"><\/b><br \/>\n1 July 2019:<br \/>\n<a class=\"alink\" href=\"\/en\/download\/media\/20190701_przeksztalcenie_spolka.pdf\/\">\" 12 traps that lurk for the entrepreneur<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Najpopularniejsz\u0105 forma prawna prowadzenia biznesu w Polsce to JDG (jednoosobowa dzia\u0142alno\u015b\u0107 gospodarcza). Tak\u0105 firm\u0119 jest \u0142atwo za\u0142o\u017cy\u0107, rejestracja dzia\u0142alno\u015bci nic [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-447","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"author_category":"","first_name":"Zesp\u00f3\u0142 PMR","last_name":"","user_url":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=447"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/447\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=447"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}