The difference between JDG and Sp. z o.o.

An Individual entrepreneurship is the simplest form of business activity:

  • The JDG registration period is up to 7 working days;
  • Making changes to the data takes up to one day and is free of charge;
  • No share capital required;
  • The sole owner is a taxpayer of personal income tax (PIT);
  • Choice of tax system;
  • Simplified accounting system;
  • The entrepreneur can freely dispose of his money, but in the event of disputes, he is liable for all his property obligations;
  • The entrepreneur has the exclusive right to represent his business;
  • A much simpler and faster way (up to 24 hours) to suspend or close down your business if necessary.

A limited liability company (Sp.z o.o) - is a more complex form of business:

  • The founders must sign the partnership agreement in the prescribed form, as well as a number of other documents required for registration;
  • You have to pay a state fee to register your company;
  • The deadline for registering a company lasts up to 30 days, the application for registration is considered, and the decision on registration is made by the court;
  • You have to pay a state fee for making changes to your company, and it takes up to 30 days to make changes;
  • When registering a company, it is necessary to create a share capital of at least PLN 5,000;
  • Companies pay CIT (corporate income tax);
  • One of the advantages of this legal form is that the co-founders are not responsible for the company's obligations, all obligations rest solely with the company. In the event of disputes, the company is liable with its assets and share capital.
  • Requires full accounting, all cash flows must be documented and justified;
  • The company is represented by the board;
  • A more time-consuming process of closing the company, the decision to close is considered and made by the court, the closing process can take up to 2 years.

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