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If Germany companies work like UK companies, you can setup a company, pay corp tax on your profits and leave the money in the company. Then a in a year or two
by mattmanser 5y ago
If Germany companies work like UK companies, you can setup a company, pay corp tax on your profits and leave the money in the company.
Then a in a year or two you can take the remaining money out using dividends.
Fundamentally, it's a tax inefficient way of doing things, but it's the company making the money, while you're only earning whatever smaller amount you pay yourself.
Bit late for this income, as you've already been paid.
- nikokre 5y agoThe problem is when I reapply for the grant (every year), they will be looking at the value of my personal assets (where they will find the companies equity stake)
- jklein11 5y agoThis seems very squirelly. How would they value the equity stake in a privately held company? Just by assets controlled in the company? What if those assets are illiquid and hard to value? If you use the 3K to invest in the business, shouldn't you be capitalizing those expenses? I truly have no idea how these grants work but might be worth talking to an accountant and/or lawyer about