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> So you're saying for a small UG you should always spare 1-2 years (most likely more than 1) in case you decide not to pursue the business anymore? I'd rather

> So you're saying for a small UG you should always spare 1-2 years (most likely more than 1) in case you decide not to pursue the business anymore? I'd rather spend 2-5k on other things. I am telling you that if a company runs out of funds to sustain its operations, it's bankrupt. In Germany it is called Insolvenz. You can feel as emotional about it as you want, but that's what it is called. Yes, you absolutely need to take this into consideration, if you want to shut down a company gracefully. You need to have that financial resource available. You can, of course, finance your company by capitalizing it with extra funds and that's really simple - you put the money in the bank account of the company and write a document as a director stating what has happened. In any country in the world, when a company does not have money to pay its obligations, it's bankrupt.

harha 4y ago
Well to me it’s quite unfriendly to small businesses to (without telling you in advance - UG is always advertised as the simplification that it isn’t) require so much money for essentially nothing. I think it should be much cheaper and easier to shut down a business. Yes, there are alternatives, but nothing is really great to start a business there, especially if you want to bootstrap and not get a massive apparatus running before you have a good market fit. My impression of Germany was that they try to force you to keep things going on forever - health insurance, pension, etc. as soon as you want to change something you lose a ton of money. Also: don’t ever criticize anything because they obviously really know what they’re doing.