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> or a UG for €1 - but then I can't add other shareholders until I pay an additional €25k to convert it to a GmbH. Could you elaborate on this, or point to a s
by dgellow 5y ago
> or a UG for €1 - but then I can't add other shareholders until I pay an additional €25k to convert it to a GmbH.
Could you elaborate on this, or point to a source? The way I understand the mini-GmbH model (UG) there is no limitations regarding shareholders versus a standard GmbH.
Not saying you’re wrong, I’m by far not an expert but I looked into creating a Unternehmergesellschaft ~1 year ago and don’t remember reading about that type of thing.
- L_226 5y ago> The way I understand the mini-GmbH model (UG) there is no limitations regarding shareholders versus a standard GmbH. This is correct, however from my understanding this is only at time of incorporation. If I was to incorporate and then get a term sheet from an investor, I would struggle to then make them a legal shareholder in my UG. Perhaps I am also misunderstanding, re-reading [0] you could be correct. I did reach out to firma.de for clarification in February but never got a response. [0] - https://www.firma.de/en/company-formation/what-is-a-ug-haftungsbeschrankt-company-in-germany-definition-and-facts/ https://www.firma.de/en/company-formation/what-is-a-ug-haftu...
- dgellow 5y agoHave you tried contacting a “Handelskammer”? I had quite good experiences in the past with hk24.de for example, even asking questions in English. Edit: I feel it’s always so complicated to understand the German system for anything related to company administrative stuff :p