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The Very Important Question is how much time and money it takes to close the company, not how to open it. Not all startups are successful, so it always makes se
by ivan_gammel 9y ago
The Very Important Question is how much time and money it takes to close the company, not how to open it. Not all startups are successful, so it always makes sense to think about the shutdown.
- shapiro92 9y agoyou have to continue doing taxes for another 3 years if I am not mistaken. Depending on your accountant that would be around 1k per year.
- hobofan 9y agoIf you do a clean shutdown (= you have enough money to pay your accountant and any other debtors), you can close down a company at the end of your business year.
- ivan_gammel 9y agoIsn't there a mandatory waiting period to collect claims from creditors, employees etc? If I decide to close the company few day before the end of the business year, that's unlikely to be possible to do it so quickly.
- Xylakant 9y agoThere's a one-year waiting period after the liquidation has been publicly announced in the Bundesanzeiger before the remaining assets can be distributed among the shareholders. See § 73 GmbhG http://www.gesetze-im-internet.de/gmbhg/__73.html http://www.gesetze-im-internet.de/gmbhg/__73.html
- pgeorgi 9y agoYou balance the sheets, close down the company and it remains in some "in liquidation" state for another year to make sure that the sheets are, in fact, balanced. Makes the company more trustworthy for potential partners since they won't face closed doors from one day to the next, but otherwise makes little difference: a company in liquidation is really low maintenance if the paperwork is in order.