Basically you have two options and the choice is fairly simple: If you have 25,000€ that you want to put into the company right now, create a Gmbh
If you don’t have 25,000€ burning a hole in your pocket, go with the cheaper and simplified version: the UG (mini-GmbH), which only requires 350€ in capital (actually 1€, the rest are fees). The only downside to the UG (haftungsbeschränkt) is its name. “haftungsbeschränkt” means limited liability
And don’t worry, you can always upgrade to a GmbH later when the company’s earning revenue. 💸
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Gmbh in a nutshell 👩🏻🦲
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UG (haftungsbeschränkt) in a nutshell 👶🏻
If you actually want to go through - watch this great video by Streiff!
🏁 It all starts with the articles of association
They are the Constitution for the company, they are public, and they are mandatory - and there is a great example here: ✍🏽
