Decided to start your entrepreneurial journey in Poland? Have you chosen the type and direction of your business, but don't know whether to set up a company from scratch or buy an existing business?
In today's article, we will look at the reasons why you should not buy a company in Poland.
Selling a business is a very popular activity in Poland
Creating a business "from scratch" costs around 500 zł.
Selling it in a year or two can fetch 2 to 2.5 thousand.
Selling a "company with a history" to a foreign client is a piece of cake for a professional.
In this business, it doesn't matter what you plan to do: breed snails or transport oversized cargo.
The main thing is that you are buying something already ready, right?
But what exactly is ready?
And do you even need this "ready-made" package - that is the question.
About transport companies
Buying an open company with a license costs 20-30 thousand zł.
In reality, its actual cost is a maximum of 6500 zł, taking into account the costs of a virtual address, company registration, and obtaining a license.
The seller's argument in such cases is usually access to freight exchanges where you can pick up loads.
Pay attention!
Any young company can get access to the exchange.
Only in some cases may it have limited functionality.
Company history
There are many rumors that a company "with a history" is better than a brand new one.
But how do you know what kind of history that is? :)
In Ukraine, there are auditors for such cases who check the history of a company.
In Poland, we haven't encountered such services.
Usually, it looks like this: before buying a company, a person relies on the documents shown to them by the accountant or seller.
There is no guarantee that something hasn't been lost or hidden from you.
From a legal standpoint, the buyer is in the clear, as the previous management will bear the responsibility.
Still, why step into a dark forest at the beginning of a new and bright entrepreneurial path?:)
Company registration method and notary fees
Another point with existing companies is that in most cases, companies that were previously registered with a notary are the ones being sold.
This means you don't have the opportunity to make changes online and will have to handle everything through a notary, and then submit the changes in paper form to the court.
This procedure will require a few hours of presence at the notary's office, as they are obliged to read every line aloud, and you may have to wait several months for the changes to be reflected in the register.
In this case, notary expenses and administrative fees will amount to about 1000 zł, plus the cost of the company itself.
Tax audits and lack of benefits
If you buy, for example, a two-year-old company that was simply registered and never conducted any business activity, you are no longer considered a young entrepreneur in the eyes of the Urząd.
After all, your company is more than two years old.
However, you will be audited more strictly, the requirements for you will be higher, and you will lose many tax benefits.
Not sure if you can register a company and start doing business on your own?
Leave a request below or call the provided phone number.
We will gladly help you!
Useful materials:
5 steps to opening a business in Poland: choosing the form of activity and taxation, ZUS, and registration
Sole proprietorship (JDG) in Poland. Who can become one and how to register the activity?
Sp. z o.o. in Poland: everything about taxation and accounting
How to open a company in Poland? Everything about fast online registration of a legal entity - Sp. z o.o. and others
Business and residence permit in Poland: Karta pobytu regardless of the business form
Business in Poland - Beginner mistakes: accountant, choosing the form of activity, financial management
