4 ms·

> “In order to start a GmbH in Germany you will need to buy-in. While you can most likely lend the money, it’s a risk you need to keep in mind. If you’re a solo

by mkl95 4y ago

> “In order to start a GmbH in Germany you will need to buy-in. While you can most likely lend the money, it’s a risk you need to keep in mind. If you’re a solo-entrepreneur, that’s a whooping 25.000€ for you.” That sounds pretty uncompetitive when compared to other EU countries such as Spain and the Netherlands, where it's 3000€ and 0.01€ respectively. In Ireland it's also 25.000€, but corporate taxes are much, much lower.

hkgjjgjfjfjfjf 4y ago
dividuum 4y ago
Also you „only“ need 12500€ to start. Though you’re still liable for the full 25000€ if things go sideways.
- hef19898 4y ago
  Or you choose an UG, eith a stagerring capital requirement of 1, one, Euro. Having had both, a GmbH is easier when it comes to the everyday B2B stuff, people simply trust an GmbH more.
  - smarx007 4y ago
    And I would assume this trust comes, partly, from a 25k EUR "real business" bar.
    - dathinab 4y ago
      Yes, thats also why a UG is at least 1€ and a GmbH at least 25k€ but can be more. Especially given that the money (through not for a UG) can also be non "cash", but e.g. a office you brought or machinery.
    - hef19898 4y ago
      Exactly. And to be honest, if you don't have 25k it is going to be hard to start a business anywa. Plus, you don't need that amount in a bank account as a minimum.
barry-cotter 4y ago
> In Ireland it's also 25.000€, but corporate taxes are much, much lower. No it isn’t. Too lazy to look it up but I’d be shocked if it was €100. I’m Irish.
- mkl95 4y ago
  You are right. Creating a Public Limited Company is 25000€, but you can create a Limited Company instead for ~€300 (including VAT)
dathinab 4y ago
It's 1€ (or more on your choice, usually ~100€) in Germany, if you go with a UG instead. You also don't "pay" 25k, it's more like your GmbH has to have constant reserves of 25k used in case of an insolvency. Through this means: 1. It's not limited "cash", but can also include e.g. a bought office room, machinery or even resources (it just must always be equal or above 25k at any point in time eve if the company also has 50k dept) (through I'm not sure if it can be 100% non-cash, also only cash for a UG I think) 1.1. Which means it's much less big of a deal for a classical company, as e.g. office+car+machinery can easily be 25k+. 2. You get it back if the company is dissolved without insolvency. Lastly you can start a GmbH with 12.500€ but then you are liable for the missing 12.5k in case of an insolvency.
- hef19898 4y ago
  The 25k are tha capital of the GmbH, no need to have it in cash reserve. If you go for an initial value of less, the owners are liable for the reminder, but not more.
- Xylakant 4y ago
  > You also don't "pay" 25k, it's more like your GmbH has to have constant reserves of 25k used in case of an insolvency. It’s not even that. The GmbH can use that money to buy things or pay for services and entirely use them. There’s no guarantee that there’s any money at all in a GmbH - the only guarantee you have is that someone invested 25k at some point in the past.
jhoh 4y ago
That‘s simply not correct. Instead of founding as a GmbH you can start with an UG. A UG is legally virtually the same thing as a GmbH and you only need 1€ Stammkapital. Once you start generating money with it, you can transform it to a GmbH. The only thing you achieve by that is displaying that your business is at least backed by 25k€. In addition to that, you could also just start your business as a GbR. Funding this can be done completely for free (without needing any lawyers, paying fees etc.). As a GbR you‘re personally liable as a founder but when starting small that usually isn‘t a problem. Founding in Germany kind of sucks, but for many different reasons.

by mkl95 4y ago

hkgjjgjfjfjfjf 4y ago

dividuum 4y ago

Also you „only“ need 12500€ to start. Though you’re still liable for the full 25000€ if things go sideways.

hef19898 4y ago
Or you choose an UG, eith a stagerring capital requirement of 1, one, Euro. Having had both, a GmbH is easier when it comes to the everyday B2B stuff, people simply trust an GmbH more.
- smarx007 4y ago
  And I would assume this trust comes, partly, from a 25k EUR "real business" bar.
  - dathinab 4y ago
    Yes, thats also why a UG is at least 1€ and a GmbH at least 25k€ but can be more. Especially given that the money (through not for a UG) can also be non "cash", but e.g. a office you brought or machinery.
  - hef19898 4y ago
    Exactly. And to be honest, if you don't have 25k it is going to be hard to start a business anywa. Plus, you don't need that amount in a bank account as a minimum.

barry-cotter 4y ago

> In Ireland it's also 25.000€, but corporate taxes are much, much lower. No it isn’t. Too lazy to look it up but I’d be shocked if it was €100. I’m Irish.

mkl95 4y ago
You are right. Creating a Public Limited Company is 25000€, but you can create a Limited Company instead for ~€300 (including VAT)

dathinab 4y ago

It's 1€ (or more on your choice, usually ~100€) in Germany, if you go with a UG instead. You also don't "pay" 25k, it's more like your GmbH has to have constant reserves of 25k used in case of an insolvency. Through this means: 1. It's not limited "cash", but can also include e.g. a bought office room, machinery or even resources (it just must always be equal or above 25k at any point in time eve if the company also has 50k dept) (through I'm not sure if it can be 100% non-cash, also only cash for a UG I think) 1.1. Which means it's much less big of a deal for a classical company, as e.g. office+car+machinery can easily be 25k+. 2. You get it back if the company is dissolved without insolvency. Lastly you can start a GmbH with 12.500€ but then you are liable for the missing 12.5k in case of an insolvency.

hef19898 4y ago
The 25k are tha capital of the GmbH, no need to have it in cash reserve. If you go for an initial value of less, the owners are liable for the reminder, but not more.
Xylakant 4y ago
> You also don't "pay" 25k, it's more like your GmbH has to have constant reserves of 25k used in case of an insolvency. It’s not even that. The GmbH can use that money to buy things or pay for services and entirely use them. There’s no guarantee that there’s any money at all in a GmbH - the only guarantee you have is that someone invested 25k at some point in the past.

jhoh 4y ago

That‘s simply not correct. Instead of founding as a GmbH you can start with an UG. A UG is legally virtually the same thing as a GmbH and you only need 1€ Stammkapital. Once you start generating money with it, you can transform it to a GmbH. The only thing you achieve by that is displaying that your business is at least backed by 25k€. In addition to that, you could also just start your business as a GbR. Funding this can be done completely for free (without needing any lawyers, paying fees etc.). As a GbR you‘re personally liable as a founder but when starting small that usually isn‘t a problem. Founding in Germany kind of sucks, but for many different reasons.