Why set up a Ltd.?? Firmengruendung.de / Monday, December 10, 2007 0 4011 The Limited can be established within 24 hours and is immediately capable of limited liability operations. This means that even without a German commercial register entry, the English liability protection applies. A share capital of just 1.50 Euros is sufficient. There is no need to prove the provision of capital. Even an in-kind establishment by providing services is possible. By establishing a corporation, the business assets can be protected, for example, by keeping vehicles or tools in the personal ownership of the entrepreneur and having the purely operational business activities carried out by the company. .... read more Read more
very satisfied Firmengruendung.de / Monday, August 6, 2007 0 1551 Great service, very competent, good value for money Our opinion: thumbs up SUMA (Guest) Read more
Liability Capital Amount Firmengruendung.de / Friday, January 19, 2007 0 3876 In the case of a Ltd, there is famously no restriction regarding the minimum amount of liability capital. Many entrepreneurs therefore approach formation with the mindset of "the less the better," which initially seems understandable. However, it's important not to forget that the company must not become over-indebted. A question that entrepreneurs will increasingly have to justify in the future is: "How was the company financed?" Example: Entrepreneur A establishes a LTD with 100 pounds. In the first three months, he incurs the following costs: trade register and notary fees of €200, postage costs of €50, phone €150, rent €1,500. This money had to come from somewhere! It certainly didn't come from the entrepreneur's deposit! Possible sources might include financing (e.g., from a loan) or revenue. The fact that Ltd corporate law does not specify how much money an entrepreneur needs for his new project does not mean that he doesn't need any money! Therefore, the following questions must be asked: 1) How much money is needed for the business setup? 2) Where does the money come from (initial capital, external financing, revenue)? 3) How much additional buffer is needed to prevent underfunding? Final note: If there are any uncertainties, it is strongly advised that entrepreneurs consult with an accountant who can assist with creating a forecast and later the opening balance sheet. Read more
Changes by Secretary or Director Firmengruendung.de / Saturday, June 24, 2006 0 5591 Among the most important changes, in addition to the transfer of shares, are the changes of secretary and director. It is particularly important to know that such changes must be reported to Companies House within 14 days after the change by the respective resolution! As part of our support services, we are naturally at your side for changes and ongoing management. Read more
Design of the Ltd. & Co. KG Firmengruendung.de / Thursday, May 11, 2006 0 3951 The Ltd. & Co KG can also be established as a one-person company. Initially, a Ltd. is established. This entity is an independent legal personality and acts as the fully liable partner (general partner) of the Ltd. & Co KG. The entrepreneur and/or other individuals become limited partners with a freely chosen contribution. The internal legal relations can be structured as desired in the partnership agreement of the KG that is to be created. The KG is registered with the German commercial register and entered as Ltd. & Co KG. The Ltd. & Co. KG is particularly interesting because it combines the essential advantages of a corporation with the benefits of a partnership. Additionally, a German KG is registered in the commercial register. - Personal liability is excluded - Withdrawals are simple to make - Taxation occurs at the level of the partners. The entrepreneur can offset profits and losses from individual projects. For entrepreneurs residing permanently abroad, the Ltd. & Co. KG can also be a sensible solution for becoming active in the German market. Read more