Crowdfunding as a Source of Financing for Companies in Poland – Economics and Legal Issues

Abstract

Summary The article focuses on a current and important issue called crowdfunding (i.e. social funding). At present, it constitutes a significant source of funding for companies in Poland. The authors try to define the process of crowdfunding in Poland both in economic and legal terms. Firstly, they discuss characteristic features determining crowdfunding and, what is more, models and types of crowdfunding. Secondly, a detailed analysis of legal regulations concerning social funding is conducted through the prism of national and the EU law. The research thesis presented in the article that there is a lack of regulations concerning crowdfunding and that there is a need to regulate the issue is verified and confirmed. It is worth mentioning that some activities aimed at regulating the processes of crowdfunding can be noticed. Unfortunately, there are still no complex legal regulations of the phenomenon in our country.