Do I need a partnership agreement for a UG under the simplified procedure?
My bank wants such a contract! When founding an entrepreneurial company in the so-called simplified procedure, the model protocol replaces the articles of association. This follows directly from the [...]
How much does a UG cost per year?
The costs of operating a UG consist of the following items: Costs for the fulfillment of accounting and tax obligations. Costs for the compulsory membership in the IHK/HWK (Chamber [...]
How much profit is a UG allowed to make?
Up to a share capital of 25,000.00 euros, 25 percent of the annual profit must be retained to form reserves. The remainder may be distributed to the company's shareholders. [...]
Can I incorporate a UG according to the model protocol with two managing directors?
No, the standard protocol allows a maximum of one managing director and three shareholders. If you have two or more managing directors, we will draw up individual articles of [...]
What is a UG?
A "UG" stands for Unternehmergesellschaft. The correct company name is "UG (haftungsbeschränkt). It is a so-called corporation. That means: With foundation a new "legal" person is created, which takes [...]
What is the cost of the notary and the registry court when incorporating a UG?
The notary fees when using the model protocol and for up to 7,000 Euro share capital amount to: for one shareholder approx. 190,00 Euro with 2-3 partners approx. 290,00 [...]
Do I need a partnership agreement for a UG under the simplified procedure?
My bank wants such a contract! When founding an entrepreneurial company in the so-called simplified procedure, the model protocol replaces the articles of association. This follows directly from the [...]
How much does a UG cost per year?
The costs of operating a UG consist of the following items: Costs for the fulfillment of accounting and tax obligations. Costs for the compulsory membership in the IHK/HWK (Chamber [...]
How much profit is a UG allowed to make?
Up to a share capital of 25,000.00 euros, 25 percent of the annual profit must be retained to form reserves. The remainder may be distributed to the company's shareholders. [...]
Can I incorporate a UG according to the model protocol with two managing directors?
No, the standard protocol allows a maximum of one managing director and three shareholders. If you have two or more managing directors, we will draw up individual articles of [...]
What is a UG?
A "UG" stands for Unternehmergesellschaft. The correct company name is "UG (haftungsbeschränkt). It is a so-called corporation. That means: With foundation a new "legal" person is created, which takes [...]
What is the cost of the notary and the registry court when incorporating a UG?
The notary fees when using the model protocol and for up to 7,000 Euro share capital amount to: for one shareholder approx. 190,00 Euro with 2-3 partners approx. 290,00 [...]