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No that's for a full GmbH. You can start with an "UG", which realistically needs maybe 1500 EUR to get registered and up and running. Then, a certain percentage
by summarity 2y ago
No that's for a full GmbH. You can start with an "UG", which realistically needs maybe 1500 EUR to get registered and up and running. Then, a certain percentage of the profit is contributed towards the 25k (of which in turn only 12.5k have to be deposited in cash) each financial year. If the threshold is met, you can convert from UG to GmbH.
- zwnow 2y agoAlways go for GmbH. UG will make you account for everything with your private money. If something goes wrong in your business you'll be dirt poor.
- x2rj 2y agoYou are confusing UG with something like GbR. UG is basically a baby GmbH with constraints of the name of the company and how much money the associates can extract from it (until the company got 25k€ captial and can become a normal GmbH).
- dividuum 2y agoThat doesn't sound correct. UG is identical to the GmbH in that regard. Do you mean a GbR?
- zwnow 2y agoAhh might have confused it with one of the other forms then... It's been a while since I had to learn all that stuff.
- openplatypus 2y agoOnly up to 25k. UG allows you to incorporate for 1eur (600eur with accountant, notary, etc) and you are liable only up to level of full GmbH which is 25k.
- datavirtue 2y agoWhat a morass.
- ChadNauseam 2y agoThis sounds crazy to me. What is the €25k for? Hell, what is the €1.5k for? Is there some advantage to this system when compared to the US one where I can start an LLC for $35 or a C-corp for a couple hundred?