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You did not tell what country you live in. If you start a business Germany without founding a company first, your business will have the default company form ca
by kephra 12y ago
You did not tell what country you live in. If you start a business Germany without founding a company first, your business will have the default company form called GbR (Gesellschaft bürgerlichen Rechts - company under civilian law). This is often something you !NOT! want, because of tax and legal protection.
In Germany I would advise on an uGmbH, in US on a LLC and in UK on a LIC. Those are easy to fund, e.g. a Tennessee LLC cost only $100 annual franchise tax. Other states charge no franchise tax.
- thesimon 12y agoUG in Germany seems like a totally pain in the ass. I was looking at it for side projects to limit liability, but 25% of the profit have to remain in the company until 25k€. And you can't just pay yourself a salary which varies every month, you can change it once a year. You can pay yourself a variable bonus, but it can be a maximum of 35% of the salary. So paying yourself $1 salary a year and the rest as a bonus doesn't work. UG is quite good if you have a stable business, but for everything else it seems a bit complicated.