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Death of a Shareholder in a Limited Liability Company – Legal Solutions Protecting the Economic and Legal Interests of the Company

Summary/Abstract: Running a business in the form of a limited liability company is becoming more and more popular in Poland. Often, in companies with smaller personal structures, shareholders also hold management positions in the company. The death of a shareholder in a limited liability company may cause problems that interfere with the proper functioning of the business. The shareholders’ assembly makes strategic decisions in the limited liability company defined both by the commercial law and by the company agreement. According to the Author of the article, it is in the interest of the company to establish a contractual provisions in the event of death of a shareholder, so as not to undermine the economic condition of the company. The aim of this article is to presents the current legal regulations in the event of death of a shareholder and practical solutions that may be extremely valuable to members holding shares in a limited liability company.

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