The Institution of Succession Management – a New Opening for a Natural Person’s Enterprise?

Abstract

A sole proprietorship is the most common form of running a business. The number of enterprises operated in Poland has been growing dynamically for over 30 years. At the same time, the population of Poland is the fastest ageing society in the EU. In the light of the above, many enterprises may soon face the problem of maintaining business continuity in the event of death of their owners. The article attempts to evaluate the implementation of the institution of succession management of a natural person’s enterprise into the Polish legal framework one year after new solutions were offered to Polish entrepreneurs. To this ennd, the way how entrepreneurs make use of this institution has been analysed.