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Always 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.
by zwnow 2y ago
Always 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.