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That 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. Yo
by Xylakant 9y ago
That 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.