Reasons for Liquidating a Spółka
Founders can close a company in Poland at any time by their own decision. Most often, this is due to the inability to achieve business goals, unprofitability, or relocating operations abroad.
- Founders’ decision — in the form of a notarial deed or through the S24 portal.
- Court decision — if the company’s activities are illegal or threaten public interest.
Important: liquidation is usually voluntary; however, in the case of debts or insolvency, mandatory liquidation via bankruptcy may occur.
Step-by-Step Company Liquidation Process in Poland
- Decision making at the founders’ meeting.
- Appointment of liquidators who manage the process.
- Notification to KRS within 7 days.
- Publication in MSiG — mandatory announcement for creditors.
- Preparation of the initial liquidation balance sheet within 15 days.
- Completion of current operations: paying off debts, terminating contracts, selling assets.
- Distribution of assets after a 6-month waiting period.
- Removal of the company from KRS and submission of reports to tax authorities.
Company Liquidation via Bankruptcy
If a company becomes insolvent, the bankruptcy procedure is initiated. The court appoints a trustee who liquidates the company’s assets and distributes funds among creditors. In some cases, debt restructuring or rehabilitation may be possible.
More details about bankruptcy conditions can be found on the Ministry of Justice website.
Frequently Asked Questions
How long does it take to liquidate a company in Poland?
Can a company with debts be liquidated?
How much does it cost to liquidate a Sp. z o.o.?
How BST Group Can Assist with Company Liquidation
Our team of lawyers and accountants provides a full range of services for closing a company in Poland:
- Support for the Sp. z o.o. liquidation process.
- Preparation and submission of documents to KRS.
- Consultations on tax and legal matters.
- Preparation of minutes, balance sheets, and financial reports.
- Interaction with government authorities and ZUS.
Contact us for a consultation via the form on the page.
