Comment by Aulig
2 years ago
Because of personal liability? Looking less legitimate to other businesses? Or what other reasons are you thinking of?
2 years ago
Because of personal liability? Looking less legitimate to other businesses? Or what other reasons are you thinking of?
Mainly liability, a UG is liable for whatever amount it was founded with, a GmbH for 25k. A person is liable for, well, an unlimited amount. Which can suck, e.g. you run eCommerce and sales crash. A GmbH is liable for 25k of ooen invoices (or whatever assets the company currently has), a person would owe the full amount.
Plus, a GmbH is a professikbal business, the looks cannot be under estimated.