Resignation from the management board of a limited liability company is permissible at any time, regardless of the term of office. Therefore, a sole management board member is not obligated to serve until the end of their term and may terminate their position earlier either through their own resignation or through dismissal by the relevant body. Each of these options leads to the expiry of their mandate, but they differ significantly in terms of procedure and practical consequences.
Running a company in the form of a limited liability company in Poland entails the obligation to prepare the financial statements for the financial year. The obligation to prepare the financial statement, its elements and main principles are analysed by Paweł Dyrduł, associate lawyer from Polish law firm KG Legal Kiełtyka Gładkowski Professional Partnership with its registered office in Krakow.
KG Legal prepared a presentation about financial statements – obligations of Polish limited liability comapnies. The presentation includes characteristics of the limited liability companies, mandatory elements of the financial statements obligation, features of a good report and other useful information.
If you are interested you can READ it or you can WATCH it.
