When founding a start-up, one of the first questions is which legal form the founders choose for their company. A GbR, for example, comes into question if the liability risks are manageable and the company is to be launched quickly and easily. A minimum capital of 25,000 euros is required for a GmbH. In addition, there are possible lawyer’s fees for a memorandum and articles of association. Registration in the commercial register is carried out by a notary public, and costs are also incurred here.
If the financial means are not sufficient to found a GmbH, the choice often falls on an Unternehmergesellschaft (UG). Here the minimum capital can be freely determined, but it is advisable to choose a minimum amount of 1,500 to 2,000 euros. This way, the formation costs can be covered by the UG and claimed for tax purposes.
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