Master list: Company Formation
The Company Formation section of firma.de’s blog is filled with blog articles aimed at educating you on the legal ins and outs of establishing a business in Germany. We’ve categorised all the posts so you can quickly search and go! Contents GmbH UG (haftungsbeschränkt) Holding companies GbR Einzelunternehmen/sole proprietorships/freelancing AG Types of businesses (specific industries) …
How to set up a company in Germany: A company formation checklist
Want to set up a limited liability company (UG or GmbH) in Germany? We’ve put together a roadmap to help guide you through the formation process. This checklist will save you hours of research as we’ve included everything you need in one neat checklist. Get ready for some fun German terminology! In true German style, …
Why entrepreneurs should have five bank accounts in Germany or: The problem of terminated German bank accounts
Entrepreneurs should maintain at least five bank accounts: two corporate current/checking/cheque accounts at different banks, two business instant access savings accounts (geschäftliches Tagesgeldkonto) either at the bank that offers current accounts (Girokonto) or another banking institution, and a private current account at another bank. But why all this effort? Because it gives the entrepreneur more …
Should I use the Musterprotokoll or bespoke articles of association when incorporating a UG in Germany?
When forming any UG (the German entrepreneurial company with limited liability), an appointment with the notary is a must: For this, all shareholders sign the articles of association (known as Gesellschaftsvertrag and sometimes Satzung in German), which is then certified by the notary. Only after this date can the documents for the UG be sent …
Forming a UG: Should I use the calendar year as my company’s financial year in Germany?
A financial year that differs from the normal calendar year allows entrepreneurs to prepare their year-end financial statement at a time of their choosing instead of at the end of the calendar year. This enables them to concentrate on what is often the most lucrative time of year. Businesses formed shortly before the end of …
Geschäftskonto: The business bank account for GmbHs and UGs in Germany
Anyone who incorporates a company in Germany is required to open a business account (Geschäftskonto). We’re here to explain to you what’s important when opening an account for the GmbH – which is Germany’s cornerstone company with limited liability – and the UG (haftungsbeschränkt) – an entrepreneurial company with limited liability. Business bank accounts, registrations …