how to set up a LLC in Germany

How to Set Up a Limited Liability Corporation in Germany

A limited liability corporation (LLC) in Germany can offer various advantages for businesses. To establish one, you need to consider the legal form that suits your needs, such as GmbH or UG. Choosing an appropriate company name and defining specific objectives are crucial steps. Engaging a notary, preparing company statutes, …

Read more

gmbh meaning

GmbH: the Limited Liability Company Structure in Germany

The GmbH, meaning Germany, is a legal form of company that offers limited liability to its owners. Similar to LLCs in the United States and Ltd. in the United Kingdom, GmbHs provide a structure where owners are not personally responsible for the company’s debts. With a minimum capital requirement of …

Read more

Gehalt_Geschaeftsfuehrung

Employment contracts between a GmbH and its shareholder-director

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 …

Read more