3 ms·

I set up a GmbH, it didn't seem like such a big deal. Regarding the fraudulent invoices, I was warned by at least two people (out of notary, tax advisor, and a

I set up a GmbH, it didn't seem like such a big deal. Regarding the fraudulent invoices, I was warned by at least two people (out of notary, tax advisor, and a friend of a friend who had done it before and outlined the process for me) about it, so no problem. My biggest problem was a useless tax advisor / accountant who missed important tax filing deadlines and such. The Finanzamt was upset and threatened deletion of (some aspect of the company, I forgot). I got another tax advisor. That solved the problem. The IHK represents the interest of local companies to the local government and also offers some (IIRC) courses, guides, meetups and such. Membership costs 70€ a year, I don't care about that.

ido 4y ago
I think maybe you didn’t see why it’s a big deal because you’ve never done it somewhere where it’s a lot faster/smoother? I run a UG here, it took about 3 months to set up because as a first time founder I messed up some of the weird arbitrary steps. If I’d have gotten it right it would have probably only taken 1-2 months (if I ever do it again it will probably take this long). It also cost a couple thousand € overall & still costs a few 100s every quarter for the Steuerberater et al. It’s not enough friction for me to not incorporate in Germany, but I’d prefer if they’d reduce it nevertheless. Because so many countries (like the UK, Netherlands or Singapore) don’t take this much time/friction, I suspect it’s possible to optimize.