While Setting up a Company in Germany, there are a lot of factors that need to be considered and one of them is the type of corporation you want to form and whether a GmbH is good idea or not. A GmbH can be as small or as big as you want it to be. It could be as small as a one man army with no support staff or as big as a massive conglomerate.
While setting up a GmbH in Germany, there are a few must haves. For example, you need to have at least €25,000 in the bank. This does not mean that this amount needs to be thee all the time, however. You can use this capital to pay salaries, rents etc. It simply has to be there in order to start the GmbH.
Being the most popular type of business organisation, here are 5 reasons why setting it up is a good idea:
1. Limited Liability
2. It Can Be Of Any Size
3. Your Private Life Is Not At Risk
4. You Do Not Need To Be German
5. A GmbH Is European Wide
