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For those like me who did not recognise the business incorporation class gGmbH, Wikipedia can help. I did recognise the last bit: bH means limited liability. h
by chalst 5y ago
For those like me who did not recognise the business incorporation class gGmbH, Wikipedia can help. I did recognise the last bit: bH means limited liability.
https://en.m.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A4nkter_Haftung https://en.m.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A...
- app4soft 5y agoThere are a lot of other than https://mastodon.social https://mastodon.social instances in other jurisdictions — how toots data would work between all of them now, as German has way different privacy policy requirements for social networks.
- sascha_sl 5y agoThe class itself is GmbH, which is generally equivalent to an LLC and is the most common incorporation form if you're not public but still have the required starting capital (25000 EUR). The gGmbH is essentially the same, but all spending needs to be in tune with the non-profit purpose in return for tax benefits.