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They do, of course. There's the GmbH ("Corporation with limited liability"), which is pretty much exactly like a LLC. Recently, they also added the UG ("Unterne
by moeffju 16y ago
They do, of course. There's the GmbH ("Corporation with limited liability"), which is pretty much exactly like a LLC. Recently, they also added the UG ("Unternehmergesellschaft") which is the same thing save for less statutory base capital.
But, as seems to be usual in Germany, everything is more complicated here. To found a GmbH, you basically need a lawyer and a notary. Oh, and 25k€. AFAIR founding a LLC is easier. However, thanks to the EU, you can of course found a UK Limited (Ltd.) with relatively little trouble.
- aristidb 16y agoSupposedly you can found a GmbH without a notary now. I don't know how well that works in practice, though.
- moeffju 16y agoIn theory you can use a sample contract and found without a notary, in practice I have never seen it done and people I know used to recommend against it, but I haven't checked in a while.