Company Formation

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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) …

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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 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, there …

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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 …

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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 …

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