Suspension of economic activity – how and when?

Suspending economic activity is, in certain situations, the only alternative for an entrepreneur, but it can cause many problems. Therefore, when deciding to suspend your business, it is important not to forget about the obligations and know how to reduce the risks.

Suspension of activity can be done by submitting an application to Central Register and Information on Economic Activity (CEIDG) and can be for any period of time, and as a rule the submission of the application is free of charge. It should be remembered, however, that this does not apply to the power of attorney cost.

“Therefore, for natural persons conducting business activity, submission of an application by an attorney – who is not a member of the entrepreneur’s immediate family, e.g. a spouse, parent, child or sibling – involves the necessity to pay a stamp duty of PLN 17, payable to the bank account of the appropriate city or municipal office, and to attach a confirmation of such payment to the application,” comments Grzegorz Witczak, Director of the Commercial Law and Property Department in TGC Corporate Lawyers.

The article is available in Polish only.

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