We have an UG for that. A GmbH is simply the wrong legal form for that sort of thing. You can create an UG with a single Euro on the bank account (and then immediately go bankrupt once you need to pay the notary).
We have an UG for that. A GmbH is simply the wrong legal form for that sort of thing. You can create an UG with a single Euro on the bank account (and then immediately go bankrupt once you need to pay the notary).
No we don't. UG is still a GmbH bureaucratic monster which a bit less start capital. You still need to follow all taxation rules like GmbH, which costs you few more thousands per year (Bilanzeirung, Steuerberater, Abschluss, ...) just to be legaly compliant.
American LLC taxation is as simple as or even simpler than Anlage EÜR. And you don't need a tax advisor to do it.
That’s what they said? That UG solves the issue of having to have a start capital.
> which a bit less start capital.
You may consider a capital stock of "at least 1€" even significantly less than 25k€. Not sure you are arguing in good faith.
A UG and and a GmbH is legal-wise exactly the same.
OP’s point is that you don’t need money in the bank to open an LLC like you would in Germany.
You don't need money for the UG either. You might need money for operating expenses later etc, but that's not what OP complained about and should be similar for an LLC. (Depending on type of business, location etc)