Sp. z o.o.
Business & Finance abbreviation · Company Type
| Stands for | Spółka z ograniczoną odpowiedzialnością (limited liability company) |
|---|---|
| Categories | Business & Finance |
Sp. z o.o. stands for Spółka z ograniczoną odpowiedzialnością (limited liability company), a company type abbreviation.
Polish limited liability company, the most popular form for businesses and foreign subsidiaries in Poland, with minimum share capital of PLN 5,000. Shareholders are not liable for company debts, though management board members can be in some situations.
Example: The Warsaw software house is registered as a Sp. z o.o. with two management board members.
Usage notes
Polish law can make management board members personally liable for company debts if the company's enforcement fails and they did not file for bankruptcy in time. Since 2021 the simple joint-stock company (P.S.A.) has offered startups an alternative. Written Sp. z o.o. with spaces and periods.
Related abbreviations
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