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Note that in Germany no corporate structure will protect the owner-operator of a small company from personal liability. This is through something called Geschäf
by germanier 9y ago
Note that in Germany no corporate structure will protect the owner-operator of a small company from personal liability. This is through something called Geschäftsfüherhaftung which explicitly applies to mistakes regarding competition law (which are the legal actions you talk about) the director of the company makes personally.
The correct way to shield oneself from liability in Germany is to have appropriate insurance plus paying a lawyer to continuously check the business for compliance.
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