A limited liability corporation (LLC) in Germany offers various advantages for businesses. To get started, you need to choose the right legal form that fits your needs, such as GmbH or UG. It´s also important to select a suitable company name and clearly define your business objectives. You can see …
A GmbH (Gesellschaft mit beschränkter Haftung) is one of the most common legal business structures in Germany, offering limited liability to its owners. Similar to an LLC in the U.S. or an Ltd. in the U.K., a GmbH allows entrepreneurs to operate a business while protecting their personal assets from company debts. What is a GmbH? A GmbH …
Employment contracts between a GmbH and its shareholder-director are regularly a red rag in the context of tax audits and possibly subsequent court proceedings. The tax authorities assume that the managing director’s salary is excessive unless certain conditions are met. The tax authorities regard this as abusive, as they assume …