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This thread is discussing limited-liability companies. You're personally liable for that Kleinunternehmer, in Germany your only option is a GmbH.
by avar 3y ago
This thread is discussing limited-liability companies. You're personally liable for that Kleinunternehmer, in Germany your only option is a GmbH.
- amaccuish 3y agoI'm responding to the parent "It effectively puts the entire country into a position where unless a citizen is born relatively wealthy..." Sure the thread is about limited-liability, but parent argues as if non-wealthy people can't form businesses, which is not true.
- avar 3y agoI see, I think it's implied there that if you're not wealthy then forming a business while assuming all the liability of the business is an equally or larger moat to cross for the poor. It means that as soon as you screw something up or just get unlucky you might not only lose your business, but your personal savings, house etc.
- OtherShrezzing 3y agoYou're correct, this is the opinion I was trying to get across in my original comment about the inequity in the German system relating to limited liability firms.