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Because of personal liability? Looking less legitimate to other businesses? Or what other reasons are you thinking of?
by Aulig 4y ago
Because of personal liability? Looking less legitimate to other businesses? Or what other reasons are you thinking of?
- hef19898 4y agoMainly liability, a UG is liable for whatever amount it was founded with, a GmbH for 25k. A person is liable for, well, an unlimited amount. Which can suck, e.g. you run eCommerce and sales crash. A GmbH is liable for 25k of ooen invoices (or whatever assets the company currently has), a person would owe the full amount. Plus, a GmbH is a professikbal business, the looks cannot be under estimated.