4 ms·
Yeah, you’re technically right (the best kind of right!) — on both counts. However, if I understand everything correctly (IANAL), personal liability is basical
by notpushkin 2y ago
Yeah, you’re technically right (the best kind of right!) — on both counts.
However, if I understand everything correctly (IANAL), personal liability is basically the same. If you go for 2500 € capital and your company becomes undercapitalized, you’ll still be personally liable for any claims against your company, no?
(But personally, I just like how this opens opportunities even for people for whom 2500 € is a serious amount of money. Granted, you probably shouldn’t open up a company in this kind of situation, but at least you can!)
- Propelloni 2y agoSweet gorilla of Manila! Anyway, I only had to deal with an OÜ once, so take it with a grain of salt. And IANAL, too ;) What I took away is that you are sheltered from claims against the company by economic avtivity, ie. outstanding fullfilment, but you are liable for claims against the company from management misconduct, ie. neglecting tax duties or, worst case, bankruptcy.