Dividends in limited liability company(LLC) in Poland

The shareholders entitled to dividend for a given financial year are those whose shares were entitled on the day of adopting a resolution on distribution of profit. The company agreement may authorize the shareholders' meeting to determine the date on which the list of shareholders entitled to dividend for the financial year (dividend day) is established. The dividend day is set within two months from the date of adopting a resolution on profit distribution. Dividend is paid on the date specified in the resolution of shareholders. If the resolution of the shareholders of such day does not specify, the dividend is paid on the date specified by the management board. The company agreement may authorize the management board to pay the shareholders an advance on the expected dividend from the financial year if the company has sufficient funds for the payment.