throwawayheyhey

3 ms·

1.
by throwawayheyhey 8y ago
> > If you pay a dividend at the end of the year, it’s taxed as capital gains > Really ? Yeah, really. At least this is the way it is in Germany. One should note, though, that taxes on capital gains are just another form of income
2.
by throwawayheyhey 8y ago
No, you're the one peddling misinformation here. It's true that you have to tell German authorities about your foreign business (not just your income from that business) for tax purposes if you're actually operating your bu
3.
by throwawayheyhey 8y ago
Only if they can prove that you willingly or carelessly neglected your duties as a CEO. These are very narrowly defined, though: https://de.m.wikipedia.org/wiki/GmbH-Geschäftsführer-Haftung
4.
by throwawayheyhey 8y ago
Well, if OP is making so much that he can easily afford spending 3k/year on a tax consultant and still be left with a considerable amount (say 2-3 times this amount), then I'd say he's already ramen-profitable. ;)
5.
by throwawayheyhey 8y ago
In Germany, you don't need a separate legal entity for that. The legal entity is you, as a person. (Also called Gesellschaft bürgerlichen Rechts, GbR, or Einzelkaufmann, depending on the details.)
6.
by throwawayheyhey 8y ago
> It doesn't matter if you already have a full time job or not. It does, assuming he's going to have his company pay himself a salary. (Otherwise he'd need to wait for the yearly dividend.) In case of a salary, he'd h
7.
by throwawayheyhey 8y ago
As a German, I would strongly advise against incorporating too early (at least in Germany). I once made the mistake of founding a UG for a small side project and had to realize at some point that all the required bureaucracy was keeping me