Re:How to Found a Company in Germany: 14 "Easy" Steps and Lo...
by pantalaimon on Sunday April 07, 2024 @05:03PM
(#39963900)
You can create a UG (haftungsbeschränkt) with all the lability protection of a GmbH with 1€ capital.
Re:How to Found a Company in Germany: 14 "Easy" Steps and Lo...
by rad_gruchalski on Monday April 08, 2024 @06:21AM
(#39968197)
Yes, but you need to keep one third of the profit in the company until you reach the €25k, then you convert to GmbH.
Re:How to Found a Company in Germany: 14 "Easy" Steps and Lo...
by tainted_blood on Monday April 08, 2024 @08:29AM
(#39969003)
i don't see a problem with that.
Re:How to Found a Company in Germany: 14 "Easy" Steps and Lo...
by rad_gruchalski on Monday April 08, 2024 @08:54AM
(#39969205)
I haven't said it's a problem but virtually everyone pointing at UG as a fix to GmbH Stammkapital fails to mention it.
Sole proprietorship doesn't have liability protection. That's not a small thing.
>You shouldn't (and cannot) go all the way to the complexities of a GmbH (LLC) if your company is that tiny.
"[Thing] is too complex, don't bother with it" is not an argument against making [thing] less complex. It's actually just a restatement of the problem!
Other countries make it easy to set up a limited company. UK, US, Singapore, they're all just a token fee and a handful of forms. I see no reason for Germany to make it so difficult as described in the article.
A lot of successful companies were started by broke college grads out of their dorms; they would never have gotten off the ground if they had to scrounge together the equivalent 25k euros before even getting started. Hell, I don't have a spare 25k lying around and I've been working full time for 4 years.