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A comment on Ask HN: My side project is ramen-profitable. What do I do now?. Parent comment
Bank account: Just go to your bank and create business bank account.
Leftover money: It's up to you how much you withdraw, although you must pay tax on all income minus expenses.
Limited liability is not true (see Geschäftsführerhaftung).
Insurance: Again, you can get insurance (IT-Betriebshaftpflicht) as a sole proprietor too.
I think, if your project is merely ramen-profitable, don't bother about all the organizatorial overhead.
Another downside of a UG/GmbH: More paperwork for taxes etc. (double bookkeeping).
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Bank account: Just go to your bank and create business bank account.
Leftover money: It's up to you how much you withdraw, although you must pay tax on all income minus expenses.
Limited liability is not true (see Geschäftsführerhaftung).
Insurance: Again, you can get insurance (IT-Betriebshaftpflicht) as a sole proprietor too.
I think, if your project is merely ramen-profitable, don't bother about all the organizatorial overhead.
Another downside of a UG/GmbH: More paperwork for taxes etc. (double bookkeeping).