Additional mandatory designations in the business name of the commercial company

Wiktor Matysiak

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Abstract

A commercial company may take various forms in the course of its activity. We can distinguish the initial form of the company, the proper form and
the final form (in liquidation, in bankruptcy). The purpose of this article is to
present the rules of using the mandatory designations to the business name
of the company and the possibility of combining them. Their main purpose is
to disclose the current form of the commercial company and the related principles of its representation or liability for its debts. It has been established that
it is allowed to combine some mandatory designations, e.g. “in the organisation
in liquidation”; “in the organisation in bankruptcy”. Joint use of allowances
“in liquidation in bankruptcy” is unacceptable. This may be misleading as to
how the company is represented and its actual status.