Question
Hi! We are based in Germany and France and would like to know which type of company would be most suitable for a technology startup. Our base of operations will in all likelihood be Berlin and the founders are all EU citizens. We have noticed a lot of "UG"s out there. Why is it so popular? Thanks!
Answers: 3 public & 0 private
Go for UG , incorporated company in germany base on your operations.This GmbH reform introduced an option to enter a GmbH by way of founding an Unternehmergesellschaft (haftungsbeschränkt) (Entrepreneurial Company (with limited liability)), abbreviated to UG (haftungsbeschränkt). By creating the UG (haftungsbeschränkt), legislators intend first and foremost to facilitate entrance into a GmbH at a later date for founders who have only low capital requirements.The German limited liability company (GmbH) is a legal person having its own rights and duties. These rights and duties exist separately from those of the shareholders. The GmbH is, itself, able to sue others and can be sued; it may be the owner of movable assets and land plots and it has its own assets which are separate from the shareholders– assets.The company may also be founded by one single shareholder. Foreigners are also able to found or participate in a GmbH without requiring special authorisation. I think for your model UG see as best, rest you can keep in touch with us on www.ipforstartup.com
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