A UG (limited liability) can be founded either with a partnership agreement or a model protocol. The main difference is the notary fees for these two variants: The notary fees are about 500,00 Euro more expensive with a partnership agreement. Many notaries therefore also advise a partnership agreement. However, this is only worthwhile if you want to deviate from the model protocol and this is actually advisable. Examples of this are:
- Formations with more than three partners
- individual regulations on rights of first refusal
- Foundations with more than one managing director
In any case, we prepare the formation documents in such a way that the lowest notary costs are incurred and coordinate everything directly with a notary’s office at your location.