In brief

• The President signed an amendment to the Commercial Companies Code concerning limited liability companies (spółki z o.o.).
• The changes are meant to reduce formalities and the costs of running a business.
• Shareholders will be able to take part in meetings remotely, and electronic communication will be made easier.

Simplified procedures for limited liability companies

Head of State Karol Nawrocki signed the changes to the Commercial Companies Code, which are meant to reduce the formalities required of limited liability companies (Prezydent podpisał nowelizację KSH, która upraszcza funkcjonowanie spółek z o.o. – Prawo.pl). As the Chancellery of the President stated, the new regulations also reduce the costs of doing business.

Remote participation in meetings

The amendment allows shareholders to take part in meetings at a distance, without having to appear in person (Spółki z o.o. będą działać łatwiej. Jest podpis prezydenta – Bankier.pl). For owners who run their company from different locations, this means less travel and faster decision-making.

Easier electronic communication

The changes also cover electronic communication between shareholders and the company. As a result, some actions that until now required paper documents or a meeting can be handled online.

What this means for entrepreneurs

The new regulations are aimed primarily at owners of micro and small limited liability companies, who feel the burden of formalities most acutely. The materials do not specify exactly what the date of entry into force depends on.