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What the article doesn't mention is the ongoing costs with a GmbH. The annual Bilanz is around 2000 EUR. Not to mention you pay lots of taxes and as a founder y

• Xylakant 9y ago
  The taxes when you want money out of the GmbH are not the primary issue. They're structured in such a way that all earnings from the company are more or less taxed at the same rate as your normal income tax, for exampe you get to deduct the Gewerbesteuer etc. You can even use a GmbH to flatten your income and use it as a vessel to keep some money for when you want a longer holiday or for bad times. This may or may not be worth the extra effort. The primary issue is that you can't just take money out of an GmbH/UG/AG (Kapitalgesellschaft). The act itself requires a shareholder meeting (easy if you're alone) and a balance sheet is required (less easy). You can't take money that would put the balance of the company below the required minimum, ... Basically, the money placed into the company is frozen, you mostly can only access the earnings. You can, however, pay yourself a regular wage, but this wage needs to be treated like a normal wage: needs to be paid monthly, needs to be fixed, ... This will likely become an issue if the company has no established cashflow. You can also take shares of the earnings (Tantieme) as part of your wage, but that also requires a balance, so it's usually done when the yearly taxes are filed. They'd be taxed like your regular income and the company would not pay any extra tax on those (simplified, they're treated as wages paid, so regular costs that reduce the earnings).