Comment by cameronh90
2 years ago
Shops have assets, small startups often don't. That makes the thousands of euros you need for reserves kinda pointless.
2 years ago
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.
But you do see why, geneally speaking, incorporating a business is necessary and required, do you? Because otherwise this discussion is kind of pointless.
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