Features of sole proprietorship

  • it represents the simplest form of doing business
  • is intended for natural persons
  • it is registered in the Business Activity Central Register and Information Record (CEDIG) [may be registered online]
  • it does not require a minimum capital
  • forms of taxation: general principles, flat tax, lump sum, tax card. Accounting matters shall depend on the form of taxation. For more details on taxation forms, please visit:https://www.podatki.gov.pl/
  • an entrepreneur is responsible by means of all its assets for the liabilities arising as a result of conducting business
  • a company (name) of an entrepreneur's given in the CEIDG must contain at least the name and surname of the applicant - e.g., Jan Kowalski. It is possible to add other elements to the company, e.g., those defining business profile
  • an entrepreneur has the sole right to represent its business
  • an entrepreneur is a PIT taxpayer
  • an entrepreneur may be a VAT payer.