A UG (haftungsbeschränkt) consists of the shareholders and the managing directors. It is also possible to establish a UG (limited liability) on one’s own without any problems. Then one speaks of a one-man company or a one-man UG. The founder is then both shareholder and managing director. In the case of several participants, the entrepreneur is free to choose who is to be a shareholder and who is to be the managing director.

The positions can best be compared to a car: The partners sit in the back and they own the car. The managing director sits at the wheel and steers. If the shareholders say he has to drive to the airport, then the managing director has to do it as the driver. Because as owners, they set the pace.