5 ms·
Which will cost many thousands in admin per year
by harha 1y ago
Which will cost many thousands in admin per year
- b-mmxx 1y agoCan you elaborate on what you mean by that? Annual admin costs very much depend on how complex the business is, no? The primary recurring obligation for a UG is the mandatory retention of 25% of annual net profits until the share capital reaches €25k, enabling tax-neutral conversion to a GmbH. What I could think of for UG with idea on converting to GmbH, you could have: - UG setup cost (fairly low compared to GmbH) - UG/GmbH accounting & tax compliance - Commercial register updates - Notary fees for structural changes, and eventually the conversion process
- ido 1y agoI run a small (software) startup in Berlin, the administrative cost is more like €1000/year (of course increasing the bigger your business gets) .