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A comment on How I would start my next startup in Germany without a GmbH (2020). Parent comment

Re:How I would start my next startup in Germany without a Gm... by lucakiebel on Saturday June 04, 2022 @11:00AM (#31621072)
That’s exactly what the UG (haftungsbeschränkt) does, you can set one up with (theoretically) 1€ (though in practice it’s more like 250€), and you then have a GmbH with lower liability
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Re:How I would start my next startup in Germany without a Gm... by harha on Saturday June 04, 2022 @11:55AM (#31621862)
Yeah but pay many thousands per year for filing taxes etc and spend years to dissolve. Along with all the personal liability as director.

UG is a massive scam in that sense, definitely not what’s advertised.

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Re:How I would start my next startup in Germany without a Gm... by pantalaimon on Saturday June 04, 2022 @04:40PM (#31624826)
And that’s exactly why a UG doesn’t look trustworthy to most business partners
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