limited joint-stock partnership has been reintroduced into the Polish law for over 20 years now. Despite the passage of time, this form of conducting business still appears to be undervalued in practice, particularly after the change in tax regulations at the beginning of 2014. In fact, it may prove to be an attractive form of a company for family businesses, some start-ups and liberal professions. At the same time, the legal regulations governing this company have hardly been modified since the Code of Commercial Companies and Partnerships came into force. Therefore, what is needed are just few interventions to remove certain regulatory shortcomings and ambiguous regulations that nonetheless substantially affect the company's operation. The aim of this article is to indicate the possible applications of a limited joint-stock partnership in business practice and to formulate postulates de lege ferenda.