Ask HN: Should I incorporate a company for software side projects?

Re:Ask HN: Should I incorporate a company for software side ... by arghwhat on Sunday October 07, 2018 @04:28AM (#18159478)

Customer and legal problems put you at great financial risk. E.g. customers get out of paying one way or another and you cannot cover operational costs, you lose customer data and get sued for damages, you screw up on GDPR and get fined, etc.

Bugs in your infrastructure could also cause you to accidentally spin up a shitton of instances far exceeding your operational budget, but that isn't the primary concern.

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Re:Ask HN: Should I incorporate a company for software side ... by heipei on Sunday October 07, 2018 @08:06AM (#18160167)

OK, I get that lawsuits would be a good example of "liability", but my question is this: Are you really not liable for the things you mentioned (GDPR, customer data) if you're the CEO of a UG/GmbH and it falls back on you because you're the one that designed the whole product?

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Re:Ask HN: Should I incorporate a company for software side ... by throwawayheyhey on Sunday October 07, 2018 @08:35AM (#18160269)

Only if they can prove that you willingly or carelessly neglected your duties as a CEO. These are very narrowly defined, though: https://de.m.wikipedia.org/wiki/GmbH-Geschäftsführer-Haftung

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