> > Most tech startups need a limited liability structure like GmbH (similar to LLC) or UG. > Meh, do they really? Only if they want to go the VC route. Funni

> > Most tech startups need a limited liability structure like GmbH (similar to LLC) or UG. > Meh, do they really? Only if they want to go the VC route. Funnily enough, a German friend of mine and his buddy got accepted into YC some years ago and apparently YC handed them the funds before they had even incorporated or anything, so at least from the point of view of German law they were essentially a partnership (GbR). Not sure how that even worked, especially in terms of delineating what the entity actually was that they and YC owned together. Did YC own 7% (standard deal) of… them? (Without incorporating you are personally liable after all.) Anyway, from what my friend told me they had a whole bunch of cash lying around on a personal account for quite some time lol Then again, this was before covid – money was incredibly cheap back then.