Re:Europe’s Other Crisis: A Digital Recession
by germanier on Monday November 02, 2015 @04:40AM
(#10490882)
You could start a limited company without a capital of 25 000 € at a cost which is comparable to the UK's for seven years now (the so called Mini-GmbH, or formally UG (haftungsbeschränkt)). Sure, it could be much easier (see Estonia as an example) but it isn't much better in the UK than in Germany.
[ Parent
| on HN ]
Re:Europe’s Other Crisis: A Digital Recession
by gingerlime on Monday November 02, 2015 @05:26AM
(#10491018)
I don't remember the exact reasons. Possibly due to our share split agreement or just wishing to have a "real" company, but my co founders opted for GmbH over UG. In any case it's a relatively small hurdle either way, but still something you have to work out and decide during the early days.
Re:Europe’s Other Crisis: A Digital Recession
by germanier on Monday November 02, 2015 @05:33AM
(#10491044)
An UG is legally exactly the same as a GmbH (they share most of the laws) with three differences:
* No required minimum capital
* Different name (which signals business partners that you didn't put down the minimum for a GmbH)
* You have to leave 25% of the company's earnings in the company until you reach 25k
Everything else, including all possible agreements between the owners is the same.