{"id":2799,"date":"2026-10-12T12:55:54","date_gmt":"2026-10-12T12:55:54","guid":{"rendered":"https:\/\/sawaryn.com\/us\/?p=2799"},"modified":"2026-10-12T12:56:18","modified_gmt":"2026-10-12T12:56:18","slug":"polish-psa-employee-share-plans-cash-contribution","status":"publish","type":"post","link":"https:\/\/sawaryn.com\/us\/polish-psa-employee-share-plans-cash-contribution\/","title":{"rendered":"Employee Share Plans in a Polish PSA: Why a Real Cash Contribution Matters"},"content":{"rendered":"

Employee Share Plans in a Polish PSA: Why a Real Cash Contribution Matters<\/h1>\n

You want to reward the people building your company, so you give them shares. Giving the shares away may seem fair, but it can create an immediate tax bill for someone who has received no cash and may be unable to sell the shares.<\/p>\n

In a Polish prosta sp\u00f3\u0142ka akcyjna<\/em> (PSA), the approved approach described here treats a free grant of shares as income when the participant subscribes for them (Articles 11 and 12 of the Polish Personal Income Tax Act, or PIT Act). If the benefit is connected with employment, Polish social insurance contributions administered by ZUS may also apply.<\/p>\n

A different structure is to have participants subscribe for newly issued PSA shares in exchange for a real cash contribution<\/strong>. The price can be low, but the payment must be genuine. This article explains the tax timing presented for that structure, its limits, and the documents needed to support it.<\/p>\n

Key Polish terms<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
Term<\/th>\nMeaning<\/th>\n<\/tr>\n<\/thead>\n
PSA (prosta sp\u00f3\u0142ka akcyjna<\/em>)<\/strong><\/td>\nA Polish company form introduced on July 1, 2021. It has no-par-value shares and a minimum share capital of PLN 1. It was designed with startups in mind.<\/td>\n<\/tr>\n
No-par-value shares<\/strong><\/td>\nShares without an assigned nominal value. Unlike shares in a traditional Polish joint-stock company (sp\u00f3\u0142ka akcyjna<\/em>, or S.A.), they have no nominal value to serve as a statutory pricing benchmark.<\/td>\n<\/tr>\n
Issue price<\/strong><\/td>\nThe amount a participant pays per newly issued share. For PSA shares, the source identifies no statutory minimum price other than that it cannot be zero.<\/td>\n<\/tr>\n
Cash contribution<\/strong><\/td>\nMoney actually paid into the company\u2019s bank account for the shares. An accounting entry alone is not enough.<\/td>\n<\/tr>\n
New issue<\/strong><\/td>\nThe company creates shares for selected participants. Existing shareholders are diluted, while the company receives the contributions.<\/td>\n<\/tr>\n
SHA<\/strong><\/td>\nA shareholders\u2019 agreement governing matters such as transfer restrictions, buyback arrangements, and exits. It binds its parties; it is not a substitute for every provision needed in the company\u2019s articles of association.<\/td>\n<\/tr>\n
PIT-38<\/strong><\/td>\nA Polish tax return on which a participant independently reports income from selling shares, subject to the 19% rate described below.<\/td>\n<\/tr>\n
ZUS<\/strong><\/td>\nPoland\u2019s Social Insurance Institution, which administers social insurance contributions.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Free shares and paid subscriptions: different tax timing<\/h2>\n

How a participant receives shares matters. The source distinguishes a free grant from subscription for newly issued shares paid for with a genuine cash contribution.<\/p>\n

Scenario 1: shares granted free of charge<\/h3>\n

The source treats the market value of free shares as the participant\u2019s taxable income on the date of subscription. The participant can therefore face tax on a benefit held in shares, without cash from a sale to fund the payment. If the benefit is connected with employment, ZUS contributions also apply.<\/p>\n

For the company, this creates a risk of overdue PIT withholding and potential contribution obligations, together with interest.<\/p>\n

Scenario 2: newly issued shares paid for in cash<\/h3>\n

The participant subscribes for shares issued by the PSA and pays the agreed issue price into its bank account. Under the approach presented here, no income arises on subscription even if the price is low. Tax arises when the shares are sold: the participant reports the resulting income on PIT-38 at 19%.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Issue<\/th>\nFree shares<\/th>\nNewly issued shares for a cash contribution<\/th>\n<\/tr>\n<\/thead>\n
PIT timing<\/strong><\/td>\nOn subscription<\/td>\nOn sale<\/td>\n<\/tr>\n
Rate described in the source<\/strong><\/td>\nProgressive PIT rates of 12% or 32%<\/td>\n19% under Article 30b of the PIT Act<\/td>\n<\/tr>\n
ZUS contributions<\/strong><\/td>\nYes, if connected with employment<\/td>\nNo\u2014the later income is treated as income from capital<\/td>\n<\/tr>\n
Company\u2019s role at subscription<\/strong><\/td>\nPIT withholding and potentially ZUS obligations<\/td>\nNo PIT withholding or ZUS obligation under the structure described<\/td>\n<\/tr>\n
Participant\u2019s cash position at subscription<\/strong><\/td>\nNo sale proceeds, despite the tax bill<\/td>\nThe participant pays the contribution but no tax at that point<\/td>\n<\/tr>\n
Cost recognized on a later sale<\/strong><\/td>\nZero or the value at subscription<\/td>\nThe cash contribution paid, under Article 23(1)(38) of the PIT Act<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The practical advantage is timing: in the paid-subscription model, the participant pays tax after selling the shares and receiving proceeds. It does not eliminate the need to examine the plan\u2019s terms, participant categories, or a substantial discount.<\/p>\n

The legal basis for deferring tax<\/h2>\n

The source relies on provisions and individual tax rulings concerning cash contributions. These points need to be read together with the separate rules for a qualifying incentive plan.<\/p>\n

    \n
  1. \n

    Article 12(1)(7) of the Polish Corporate Income Tax Act concerns non-cash contributions.<\/strong> Subscription for shares in exchange for cash falls outside that provision, irrespective of the difference between issue price and market value. See the CIT Act, Article 12(1)(7)<\/a>.<\/p>\n<\/li>\n

  2. \n

    An individual ruling dated October 3, 2024<\/strong> (No. 0112-KDIL2-2.4011.631.2024.1.WS) confirms that no taxable income arises on subscription for shares or interests for a cash contribution corresponding to their nominal value, even if that value is below market value. See the individual tax ruling<\/a>. The ruling concerns interests with a nominal value; PSA shares have no par value, so that distinction matters when considering how closely its facts match a PSA issue.<\/p>\n<\/li>\n

  3. \n

    An earlier individual ruling dated September 14, 2022<\/strong> (No. 0113-KDIPT2-3.4011.594.2022.1.AK), cited in the source analysis, is presented as confirming neutrality where the contribution is below the shares\u2019 market value.<\/p>\n<\/li>\n<\/ol>\n

    The qualifying incentive-plan rules<\/h3>\n

    Article 24(11)\u2013(12b) of the PIT Act provides an additional route to deferral for a qualifying incentive plan. Since 2021, Article 24(12b) has expressly extended the mechanism to PSA shares<\/strong>: income arises on a disposal for consideration rather than when the shares are received. See the 2021 amending act<\/a>.<\/p>\n

    The plan must be established by a resolution of the shareholders\u2019 general meeting<\/a> and cover individuals receiving benefits from the company under Article 12 of the PIT Act (employment) or Article 13 (activities performed personally, including contracts of mandate). See the consolidated PIT Act<\/a>.<\/p>\n

    A limit for B2B contractors<\/h3>\n

    A typical individual B2B contractor reports remuneration as income from business activity under Articles 10(1)(3) and 14 of the PIT Act. That category falls outside the express scope of Article 24(11). As a rule, the contractor cannot rely on that statutory incentive-plan deferral. They may still subscribe for shares for cash, but the timing and classification of any income require a separate analysis.<\/p>\n

    Subscription, sale, and dividends: who handles the tax?<\/h2>\n

    The company\u2019s role changes over the life of the investment.<\/p>\n\n\n\n\n\n\n\n
    Event<\/th>\nTreatment described in the source<\/th>\nRate<\/th>\nWho accounts for it?<\/th>\nZUS<\/th>\n<\/tr>\n<\/thead>\n
    Subscription for shares for a real cash contribution<\/strong><\/td>\nNo income at subscription<\/td>\n\u2014<\/td>\n\u2014<\/td>\nNo<\/td>\n<\/tr>\n
    Sale of shares<\/strong><\/td>\nIncome from capital under Article 17(1)(6)(a) of the PIT Act<\/td>\n19% under Article 30b<\/td>\nParticipant, on PIT-38<\/td>\nNo<\/td>\n<\/tr>\n
    Payment of a dividend<\/strong><\/td>\nDividend income under Article 30a(1)(4) of the PIT Act<\/td>\n19% flat-rate PIT<\/td>\nCompany withholds and remits tax under Article 41(4)<\/td>\nNo<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    For this paid-subscription structure, the source states that the company has no PIT withholding or ZUS obligation at subscription<\/strong>. On a sale, the participant accounts for the tax independently; the company should tell participants about the PIT-38 obligation in writing. On a dividend, the company withholds and remits the 19% tax, and the participant does not file PIT-38 for that dividend.<\/p>\n

    The cash contribution is not simply lost. When the participant sells the shares, the amount paid is a tax-deductible cost under Article 23(1)(38) of the PIT Act. Participants should retain proof of payment.<\/p>\n

    Pricing no-par-value PSA shares<\/h2>\n

    A traditional Polish joint-stock company<\/a> has shares with nominal value; Article 309 \u00a7 1 of the Polish Commercial Companies Code (KSH) prohibits issuing them below that value. A PSA has no equivalent nominal-value benchmark. Its share capital is based on contributions actually made and has a PLN 1 minimum. See the Polish Agency for Enterprise Development\u2019s introduction to the PSA<\/a>.<\/p>\n

    For an employee share issue, the source recommends four steps:<\/p>\n

      \n
    1. Set out the issue price expressly<\/strong> in the general meeting resolution.<\/li>\n
    2. Use a nonzero price and collect it.<\/strong> A low or symbolic price is possible under the approach described, but it must represent a real payment to the company.<\/li>\n
    3. Explain the price in the resolution.<\/strong> Possible reference points include the value adopted when the company was formed, an internal valuation, and its stage of development. This explanation is a key response to an allegation that the price was artificially understated.<\/li>\n
    4. Keep bank transfer confirmations<\/strong> with the issue documents. An accounting entry without an actual payment weakens the structure.<\/li>\n<\/ol>\n

      Cash contributions for PSA shares may be made within three years of subscription. Nevertheless, the sooner the company receives the money, the stronger the evidence of a genuine cash-funded subscription.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
      Feature<\/th>\nPSA<\/th>\nTraditional Polish S.A.<\/th>\n<\/tr>\n<\/thead>\n
      Nominal value per share<\/strong><\/td>\nNone<\/td>\nRequired<\/td>\n<\/tr>\n
      Minimum capital<\/strong><\/td>\nPLN 1<\/td>\nPLN 100,000<\/td>\n<\/tr>\n
      Issue below nominal value<\/strong><\/td>\nNo nominal value to apply<\/td>\nProhibited by Article 309 \u00a7 1 KSH<\/td>\n<\/tr>\n
      Share form<\/strong><\/td>\nElectronic<\/td>\nDocument or dematerialized form, as stated in the source<\/td>\n<\/tr>\n
      Subscription<\/strong><\/td>\nCan be completed by email<\/td>\nWritten or notarial form required, as stated in the source<\/td>\n<\/tr>\n
      Work or services as a contribution<\/a><\/strong><\/td>\nPermitted, but not included in share capital<\/td>\nNot permitted<\/td>\n<\/tr>\n
      Supervisory board<\/strong><\/td>\nOptional<\/td>\nMandatory<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      These features give the PSA flexibility in designing an incentive plan. They do not remove the need to support the issue price or document payment.<\/p>\n

      Make the ownership percentages work<\/h2>\n

      A promise of \u201cabout 3%\u201d can become contentious if the participant receives only 2.87% after the issue. Work from the desired post-issue ownership percentages before agreeing share numbers.<\/p>\n

        \n
      1. Calculate the issue backwards.<\/strong> Determine the whole number of shares each participant needs for the target percentage; fractional shares are not available.<\/li>\n
      2. Consider whether the founder must participate.<\/strong> If exact proportions are required, the founder may need to subscribe for a small part of the issue on the same terms and at the same price.<\/li>\n
      3. Model dilution in the cap table.<\/strong> Show the effect on every existing shareholder and check whether the founder\u2019s resulting percentage is acceptable.<\/li>\n
      4. Use one issue price within a tranche.<\/strong> Different prices complicate the documentation and may prompt questions from the authorities.<\/li>\n
      5. Attach the calculations to the resolution.<\/strong> Record each participant\u2019s share number, issue price, total contribution, and target post-issue percentage.<\/li>\n<\/ol>\n

        Why a founder\u2019s sale is not the same structure<\/h2>\n

        A founder could sell existing shares to employees without the company issuing new ones. That may look administratively simpler, but the source warns against treating it as equivalent to a new issue.<\/p>\n

        The cited favorable rulings concern subscription for newly issued shares from the company<\/strong>, not a sale by the person controlling it. A founder\u2019s discounted sale to employees may be challenged as disguised remuneration. It is also not, by itself, the incentive plan established by a general meeting resolution described in Article 24(11) of the PIT Act. Separately, the founder must account for income from their sale.<\/p>\n

        For the structure analyzed here, the source therefore favors a new issue by the PSA. It takes more corporate documentation, but aligns more closely with the cited tax-ruling approach.<\/p>\n

        Documents and steps to put the plan into effect<\/h2>\n

        Each document addresses a different part of the arrangement.<\/p>\n\n\n\n\n\n\n\n\n\n\n
        Document or step<\/th>\nFunction<\/th>\nPractical point<\/th>\n<\/tr>\n<\/thead>\n
        General meeting resolution<\/strong><\/td>\nEstablishes the plan and records its purpose, issue price, and issue rules<\/td>\nRequired for a qualifying plan under Article 24(11b) of the PIT Act<\/td>\n<\/tr>\n
        Amendment to the articles of association<\/strong><\/td>\nPlaces mechanisms such as buybacks on departure, retirement, or death in the corporate document<\/td>\nWithout the amendment, SHA provisions bind only their parties<\/td>\n<\/tr>\n
        Framework shareholders\u2019 agreement (SHA)<\/strong><\/td>\nGoverns shareholder relations, transfer restrictions, buybacks, and exits<\/td>\nIt may also serve as plan rules if sufficiently complete and clear about the plan\u2019s purpose<\/td>\n<\/tr>\n
        Conditional share subscription agreements<\/strong><\/td>\nState the contribution, payment deadline and method, and any condition precedent, such as signing an employment contract<\/td>\nBefore the condition is met, the documents are not submitted for registration as described in the source<\/td>\n<\/tr>\n
        Bank transfer confirmations<\/strong><\/td>\nShow that participants actually paid the company<\/td>\nKeep them with the issue records<\/td>\n<\/tr>\n
        Entry in the shareholders\u2019 register<\/strong><\/td>\nThe participant acquires the shares upon entry<\/td>\nThe register is maintained by a resolution-selected investment firm, bank, or notary<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Two documentation failures deserve particular attention.<\/p>\n

        Buyback provisions only in the SHA.<\/strong> An SHA binds its parties, but does not itself place a buyback mechanism in the articles of association. If a departing participant refuses to sell, the absence of a corporate mechanism can leave the company without the enforcement route it expected. Address relevant buyback arrangements<\/a> in the articles through a general meeting resolution.<\/p>\n

        An apparently fictitious contribution.<\/strong> Keep the document trail formal and transparent. Any side arrangement or provision suggesting that the cash contribution is merely an entry on paper, or is offset by another benefit, undermines the rationale for the structure.<\/p>\n

        Tax risk and practical safeguards<\/h2>\n

        The source analysis refers to tax rulings from 2016 in which authorities reportedly challenged cash-funded subscriptions closely linked to employment, treating a substantial discount as remuneration in kind. The specific ruling references could not be verified in the available material; the Ministry of Finance EUREKA database<\/a> is linked for reference. The point is a risk to manage, not a verified list of decisions.<\/p>\n

        Three safeguards follow from that risk:<\/p>\n

          \n
        1. Give a reasoned basis for the issue price<\/strong> in the general meeting resolution. Do not leave an unexplained gap between the stated price and the company\u2019s circumstances.<\/li>\n
        2. Collect the money and retain transfer evidence.<\/strong> The contribution must be genuine.<\/li>\n
        3. Consider an individual tax ruling<\/strong>, particularly for a substantial discount to market value. The source states a PLN 40 application fee and an approximate three-month processing period. An individual ruling provides protection in the applicant\u2019s case, based on the facts submitted.<\/li>\n<\/ol>\n

          Participants also need a written explanation of their obligations: they report a share sale independently on PIT-38, the company withholds tax on dividends, and proof of their contribution supports the cost claimed on sale. Otherwise, a plan designed as a reward can leave participants with avoidable tax arrears.<\/p>\n

          Offering shares to a recruit who has not joined<\/h2>\n

          You may want to agree an equity package before a specialist starts work. The structure described in the source is a conditional share subscription agreement<\/strong> signed in advance, with effectiveness subject to a condition precedent\u2014for example, entering into an employment contract.<\/p>\n

          Until the condition is satisfied, the documents do not go to the shareholders\u2019 register or the National Court Register (KRS), Poland\u2019s business and corporate register. Once the employment contract is signed and the condition is met, the process moves to payment of the contribution, entry in the shareholders\u2019 register, and notification of changes.<\/p>\n

          Market context and other incentive instruments<\/h2>\n

          A Startup Poland survey cited in the \u201cPolskie Startupy 2025\u201d report indicates that approximately 30% of surveyed startups use employee share plans (ESOPs), while another 35% plan to introduce them. See the Forbes.pl discussion of ESOPs<\/a>.<\/p>\n

          For early-stage companies in IT, SaaS, fintech, and deep tech, shares can offer a stake in future value without an immediate cash bonus. A PSA\u2019s PLN 1 capital minimum, no-par-value shares, and electronic form make it a vehicle used by startups considering incentive plans<\/a>.<\/p>\n

          Shares issued for cash are not the only choice:<\/p>\n\n\n\n\n\n\n\n\n
          Instrument<\/th>\nDilutes shareholders?<\/th>\nFuture company cash obligation?<\/th>\nParticipant becomes a shareholder?<\/th>\nArticle 24(11) PIT treatment<\/th>\n<\/tr>\n<\/thead>\n
          New shares for a cash contribution<\/strong><\/td>\nYes<\/td>\nNo; the company receives the contribution<\/td>\nYes<\/td>\nAvailable if the conditions are met<\/td>\n<\/tr>\n
          Subscription warrants<\/strong><\/td>\nOn exercise<\/td>\nNo<\/td>\nNot until exercise<\/td>\nRequires verification<\/td>\n<\/tr>\n
          Phantom shares<\/strong><\/td>\nNo<\/td>\nYes; usually a payment on exit<\/td>\nNo<\/td>\nNo share subscription<\/td>\n<\/tr>\n
          Share options<\/strong><\/td>\nOn exercise<\/td>\nNo<\/td>\nNot until exercise<\/td>\nRequires verification<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

          Phantom shares avoid dilution but create a future payment obligation for the company. Warrants and options can lead to share ownership only when exercised; until then, the holder is not a shareholder. See the Commercial Companies Code<\/a>. Article 24(11) relief depends on an actual subscription for or acquisition of shares and the applicable conditions\u2014not the instrument\u2019s name alone.<\/p>\n

          Build a plan that works beyond the documents<\/h2>\n

          An employee share plan affects ownership, tax exposure, and working relationships for years. Before issuing shares, check the articles of association and cap table, calculate dilution, justify the price, settle the plan terms, and decide whether an individual tax ruling would be useful.<\/p>\n

          For the cash-funded PSA issue described here, the core package is a general meeting resolution, appropriate amendments to the articles of association, subscription agreements, a shareholders\u2019 agreement or sufficiently clear plan rules, and evidence of actual contributions. If you are planning to bring employees or recruits into a PSA\u2019s ownership structure, contact us<\/a> to discuss a plan suited to your company\u2019s stage and participants.<\/p>\n

          Frequently asked questions<\/h2>\n

          Will employees be taxed if I give them PSA shares for free?<\/strong>
          \nUnder the treatment stated in the source, yes. A free grant is income on subscription under Articles 11 and 12 of the PIT Act, taxed under the general rules. ZUS contributions also apply if the benefit is connected with employment, even though the employee has received no sale proceeds.<\/p>\n

          How low can the issue price be?<\/strong>
          \nThe source states that it cannot be zero but may be low, even symbolic. The participant must actually pay it into the company\u2019s bank account, and the resolution should explain the pricing. For a substantial discount to market value, consider an individual tax ruling; the source gives a PLN 40 fee and an approximate three-month processing time.<\/p>\n

          Do we need separate written plan rules?<\/strong>
          \nNot necessarily. A sufficiently comprehensive framework SHA may serve that function if it clearly defines the plan\u2019s purpose. A general meeting resolution establishing the plan remains required for the qualifying incentive-plan treatment under Article 24(11b) of the PIT Act.<\/p>\n

          Can the founder sell existing shares instead?<\/strong>
          \nThey can, but it is a different and riskier route for the tax approach discussed here. The cited favorable rulings concern new shares issued by the company. A founder\u2019s sale may be viewed as disguised remuneration and also generates income for the founder.<\/p>\n

          Does the company withhold PIT or pay ZUS when a participant subscribes for new shares for cash?<\/strong>
          \nUnder the structure described, no withholding or ZUS obligation arises at subscription. The participant reports a later sale on PIT-38. The company withholds 19% flat-rate PIT when it pays a dividend.<\/p>\n

          Can a B2B contractor join on the same tax terms as an employee?<\/strong>
          \nNot automatically. A typical contractor\u2019s business income falls outside the express scope of the qualifying-plan deferral in Article 24(11) of the PIT Act. They may subscribe for shares for cash, but the timing and source of any income need separate analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Compare free PSA shares with cash-funded new shares, and learn who handles tax on sale or dividends, what to document, and where B2B limits apply.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","sip_alt_url":"https:\/\/sawaryn.com\/publikacje\/akcje-psa-wklad-pieniezny\/","sip_en_pl_url":"https:\/\/sawaryn.com\/en\/publikacje\/polish-psa-employee-share-plans-cash-contributions\/","sip_pair_uuid":"7f050246-3a71-4d58-9fc0-97e523d5b010","sip_pair_state":"verified"},"categories":[1],"tags":[1255,1236,116,1153,1254],"specialization":[1131],"practice_area":[],"class_list":["post-2799","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-articles-of-association-and-partnership-agreements","tag-b2b-agreement","tag-corporate-governance","tag-esop","tag-polish-simple-joint-stock-company","specialization-corporate-governance"],"acf":[],"_links":{"self":[{"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/posts\/2799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/comments?post=2799"}],"version-history":[{"count":1,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/posts\/2799\/revisions"}],"predecessor-version":[{"id":2800,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/posts\/2799\/revisions\/2800"}],"wp:attachment":[{"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/media?parent=2799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/categories?post=2799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/tags?post=2799"},{"taxonomy":"specialization","embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/specialization?post=2799"},{"taxonomy":"practice_area","embeddable":true,"href":"https:\/\/sawaryn.com\/us\/wp-json\/wp\/v2\/practice_area?post=2799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}