Knowledge base

Poland is the sole country, where the obligatory storage term for employee files is 50 years. This is a big obstacle both in terms of logistics and the cost of document storage. In many European countries this period is just 10 years, there are also countries, such as Denmark, where the storage period is 5 years or the Netherlands where there is no obligation to archive employee records.

A package of amendments concerning small and medium-sized enterprises will come in force at the start of 2019. New regulations will make it easier to start a business for young entrepreneurs, facilitate formalities, collect debts faster, or build a company facility without unnecessary paperwork. What will be included in the package?

Currently, more and more people dissatisfied with their work, give up their jobs to start their own business. Running a business is not too difficult, and additionally brings many benefits, such as financial independence, the ability to implement your own ideas, as well as the possibility of self-realization and full control over your professional life.

In the following article we will show you how to set up your own business – step by step.

If you are determined to open your business and the legal form you have selected is a limited liability company – be sure to read our article. You will learn, among other things, how to set up such a company step by step and what documents you need to prepare.

Before going to the instructions for setting up a limited liability company, it is worth emphasizing a certain issue, namely – read the Code of Commercial Companies before you start the process of opening a company. The information contained in the code is very important and may prove useful in various situations, and as you know, ignorance of the law is not justification and can only harm us.

After reducing the CIT rate from 19% to 15% in 2017, a new change awaits for small enterprises at the beginning of 2019. After signing the law by the President, it is already certain that on 1 January 2019, the CIT rate for small taxpayers and taxpayers starting business activity will amount to 9%. The reduction of rates is to encourage entrepreneurs to run capital companies.