October 14, 2020
ARAG experts explain how with a minimum capital of a euro is possible a business start-up in the form of limited liability society of entrepreneurs. The financial crisis has long since reached the labour market. Experts expect a dramatic rise of in unemployment soon. Many a worker’s playing with the thoughts of its own business. With the mini GmbH exists since 2008, ARAG experts explain a version tailored to small and medium-sized businesses the previous GmbH., as with a minimum capital of a euro is possible a business start-up in the form of limited liability society of entrepreneurs.
Mini GmbH a legal person of mini GmbH is a limited liability on the company’s assets. Therefore a liability of the shareholders is excluded with their personal wealth, with a few exceptions. Because the mini GmbH is a legal person, she can acquire ownership and have a private fortune. Because of this independence is also taxable and can both complain, as also be sued. The rights and obligations of the company are detached from its shareholders and management. ARAG experts point out that a mini GmbH can have only a General Manager differently than the conventional GmbH.
Mini GmbH GmbH at a company with limited liability, the capital is 25,000 euros; the mini GmbH actually only one euro. This is also now the only serious difference. However, the mini GmbH can convert to a limited liability company. She is expert according to ARAG when it has reached a capital of 25,000 euro. The mini GmbH is required each year to make up a quarter of their profit (net income), minus an any loss brought forward from the previous year, in their reserves. The total reserve reaches the capital of 25,000 euros, then she can be converted without a change of name to a limited liability company, with only the addition of legal form changes accordingly. An alternative to the Ltd. The mini GmbH provides founder and Entrepreneurs a very interesting alternative to the GmbH and the other German legal forms dar, mean also the ARAG experts. The capital is very low with at least one euro. The mini GmbH thus provides an alternative to foreign legal forms with low capital, such as for example the limited, where the entrepreneur or entrepreneurs to submit to unknown foreign legislation has. Limitation of liability once the mini GmbH in the commercial register is registered, is the limitation of liability effectively, which means that it is used only the company’s assets, but not the personal assets of the shareholders for liabilities of mini GmbH. The shareholder therefore carry only the risk of losing the deposit agreed in the contract of the company in the event of a crisis. Is the master deposit not yet in full provided or a short-term removal is done by a shareholder, the shareholder must maximum pay the remaining difference or compensate the removal. The above mentioned Exceptions to the limitation of liability are according to the ARAG experts abuse cases, the insolvency abduction or unpaid social and tax payments. In these cases, the Managing Director and also the partner of mini GmbH with the whole private fortune in recourse can be taken.