Can a limited liability company open its accounting books 30 days after starting its business activity?
Answer: No, it cannot. A limited liability company has 15 days to open its accounting books and must open its books within 15 days of the first economic event that has material or financial consequences.

If two limited liability companies merge into a new company, does this new company not have to open a new accounting book?
Answer: If a new company is created as a result of the merger of two limited liability companies, it must open an accounting book. It has 15 days to do so from the date of entry of the merger in the National Court Register.

If a civil law partnership is transformed into another partnership, does the new company (transformed company) have to open an accounting book?
Answer: No, it does not have to. In such a case, the new (transformed) company does not have to open an accounting book.

If a capital company is transformed into another capital company, does the new company (transformed company) have to open an accounting book?
Answer: No, it doesn’t have to. The new company (transformed) doesn’t have to open an accounting book in such a case.

The accountant did not open the accounting book on the day the liquidation of the limited liability company began. Did she do it correctly?
Answer: The accountant acted correctly if she opened the accounting book within 15 days of the opening of the liquidation of the limited liability company. If she failed to do so or missed this deadline, she did not act correctly, she violated the legal provisions in force in this respect, in this case art. 12 sec. 1 of the Accounting Act.

Is it possible not to close the accounting books at the end of the financial year?
Answer: No, it is not possible. At the end of the financial year, accounting books are mandatory to close.

The accountant closed the accounting book two months after the completion of the liquidation of the limited liability company. Did she do it correctly?
Answer: Yes, in this case the accountant acted correctly because she should have closed the accounting book within 3 months of the end of such liquidation.

The issues presented above are among the basic ones in accounting, including accounting of limited liability companies. If you are interested in our work for the company you run, please contact our accounting office PRWT Księgowość i Obsługa biznesu sp. z o.o. We provide accounting and HR and payroll services for Polish and foreign companies in Krakow and Warsaw.

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