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0 pointsMatthewMcDonald4y ago0 comments

I don't know about the bankruptcy laws, but Germany's GMBH (similar to an LLC) requires 25k in capital to get started.

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UG requires only 1ct, though extracting profit is a bit more difficult until you get to 25k.

It used to be 18k here. Not anymore. However an LLC will provide you with almost no protection anymore.

What does that mean? A BV protects you unless you pierce the veil. You are negligent or a malicious if you do so; otherwise it does protect you. But maybe you mean something else.

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thesimon4y ago

UG requires only 1ct, though extracting profit is a bit more difficult until you get to 25k.

jbverschoor4y ago

It used to be 18k here. Not anymore. However an LLC will provide you with almost no protection anymore.

tluyben24y ago

What does that mean? A BV protects you unless you pierce the veil. You are negligent or a malicious if you do so; otherwise it does protect you. But maybe you mean something else.

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