Comment by hef19898
2 years ago
As stated in another commebt, you can merge a GmbH with yourself. Sure, it costs money but is quite simple, fast and straight forward. I have no idea why start-up entrepreneurs fail at stuff your Döner shop or local garage succeed. Or tire change shop is part of a small local chain, every site is it's own GmbH. Just saying...
that is only possible if no other shareholder exists even in tiny minority amounts otherwise you need to buy back all shares according to book value even if the company is practically worthless to you, also dont forget transfer of shares in germany requires notariat with in person paperwork and fees, etc. in addition you transfer all liabilities back to you as natural person that might exist, which defeats kind of the reason for having a limited in the first place. so this is not an option in virtually any normal failed startup cases.
Shops have assets, small startups often don't. That makes the thousands of euros you need for reserves kinda pointless.
Ok, my one person start up had assets: My laptop, office gear, etc... Now imagine you have an office to pay. Or you are multiple people. Or you need some fancy hardware. All of that can be assets owned by the corp. And the exoebses, software etc..., can be paid of those 12.5/25 k as well.
This discussion proofs one point so, a GmbH shows that someone is serious about it.
Yeah but in the modern world you often don't have any of that except a laptop or two, and even they are often personal devices in a small start-up.
I founded a start-up with a friend and we had zero assets - just Office 365, AWS, managed office and personal devices.
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