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You must maintain this amount of capital at all times, or otherwise start insolvency procedures.
by jononor 9y ago
You must maintain this amount of capital at all times, or otherwise start insolvency procedures.
- Xylakant 9y agoThat is not true at all. You need to have that initially in the bank but you can absolutely spend it on whatever the company needs - services, wages, things. You can absolutely have a GmbH or UG without any cash left.
- devdad 9y agoIs the finances of a UG/GmbH public information in Germany and easily obtained by citizens?
- Xylakant 9y agoYou need to file an end of year statement (Bilanz) with the register court the year after and these can be obtained for a moderate fee. The exact details on what needs to be filed depend on the size of the company, details (in german) are in this article https://www.gmbh-guide.de/jahresabschluss-bundesanzeiger.html https://www.gmbh-guide.de/jahresabschluss-bundesanzeiger.htm...
- bflesch 9y agoYou have to submit your balance sheet each year, and with a short lag it is available online on https://www.handelsregister.de https://www.handelsregister.de where you can buy the info on any GmbH incl. persons who own it.