According to CEIDG statistics, there are currently around 2 million companies registered in Poland, 60 per cent of which are family businesses, and more than 100 of their owners die every month, very often without settling inheritance matters. The new regulations provide an opportunity to continue the family business even in such situations.
New regulations on business succession came into force on 25 November 2018, making it possible to appoint a successor manager also in an emergency mode, i.e. in a situation where the owner has not settled the issue of transferring the company before his death. In such a situation, the heirs or spouse of the owner may effectively appoint a manager succession, which has two years (sometimes this period can be extended to 5 years) to prepare the company for further functioning in the new legal reality.
Continuation of the family business without abrupt changes to the company's operations
In Poland, as many as 60 per cent of entities registered with CEIDG are family businesses
According to various estimates, family businesses are responsible worldwide for 70-90 percent of GDP. In Poland, out of 2 million entities registered in the CEIDG database, as many as 60 percent are family businesses. Unfortunately, most owners still family businesses in Poland does not regulate the situation of businesses in the event of one's death - e.g. through its sale, donation or will. According to experts, such regulations, whether at the statutory level or the awareness of owners, are necessary to build multi-generational businesses. A system is needed for the survival and continuation of companies after the owner's death.
7 May 2019:
" Emergency succession management: a chance for Polish family businesses to move on
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