The status of a company determines its size and the way it operates on the market. This is important because it allows state institutions to develop long-term strategies for supporting enterprises. Most business entities that are active in Poland (and throughout the European Union) are small business ventures. They usually do very well, but in times of crisis they may need additional cash to maintain financial liquidity and survive the most difficult moments.
What are micro, small and medium-sized enterprises?
Micro company
Microenterprises constitute the absolute majority of entities present on the Polish market. According to data from 2020, this is as much as 96.7% of all enterprises. These are entities that employ from 1 to 9 people. According to the financial criterion, the turnover or total annual balance sheet of such a company should not exceed EUR 2 million to be classified in this category. Taking care of the well-being of microentrepreneurs is crucial, because they are mostly responsible for generating GDP.
Small company
A small company employs 10 to 50 people specific database by industry and its turnover can be a maximum of 10 million euros. Such companies in Poland constitute 2.4 percent of all entities present on the market, or over 50 thousand. This is an important sector because the companies present in it have established themselves on the market and are promising for further expansion.
Medium-sized company
The average company the charming and practical guide to creating html web pages online employs 50 to 250 people. Its turnover medium-sized should be a maximum of 50 million euros. Such companies constitute only 0.7% of all companies and there are about 15 thousand of them. These are very valuable entities from the point of view of the development of the Polish economy.
The above criteria have been in force since 2005
Most companies that can be fax database classified medium-sized as small and medium-sized enterprises are engaged in trade and services. They constitute 99.8% of entities present on the market. This is the backbone of the national economy, which determines not only its strength but also its character.