Choosing the right legal form is a crucial step when starting a business. It not only influences the legal framework, but also your tax burden and your personal liability. In this article, we take a closer look at different legal forms and how you can make the best choice for your incorporation.
Why is the choice of legal form important?
The choice of legal form determines the legal framework for your company. Whether sole proprietorship, GmbH, UG or OHG - each legal form has its own advantages and disadvantages. Factors such as liability, taxation and administrative structure play a decisive role here.
Sole proprietorship: The easy way to get started
If you are the sole owner of your business, sole proprietorship is an obvious option. Here you benefit from simple administration and full freedom of choice. However, in this case you are also personally liable with all your assets.
The GmbH: More liability protection, more administrative effort
The limited liability company (GmbH) offers the advantage of limited liability. Your personal assets remain largely unaffected. However, the Foundation associated with more bureaucracy and higher costs.
UG: The little sister of the GmbH
The entrepreneurial company (limited liability), UG for short, is a “small” GmbH, so to speak. It enables one Foundation with less share capital. Please note, however, that higher reserves are required to put the UG on a stable footing in the long term.
OHG and KG: Legal forms for several founders
If you are not founding yourself, the general partnership (OHG) and the limited partnership (KG) are possible options. Here, several founders share responsibility and liability. In the case of a limited partnership, limited partners also participate with capital, but are not personally liable.
Choosing the legal form: Advice is crucial
Choosing the right legal form depends on many factors. Your personal liability, the nature of your business, tax considerations and future expansion plans all play a role. A well-founded one Start-up advice, as offered by the Business Center Niederrhein, is essential in this context.
Conclusion: Individual decision under expert guidance
Choosing the right legal form is not a decision that should be taken lightly. Different legal forms offer different advantages and challenges. Therefore, it is advisable to seek early professional support as provided in the Business Center Niederrhein offered to obtain. This is how you lay the foundation for a successful company future.