Birdwatch Note Rating
2024-03-03 16:22:05 UTC - HELPFUL
Rated by Participant: 0C31B71AC54D8C6A4BDD2828B6046622CE55E06A77CD161F26F2D24F29681F2F
Participant Details
Original Note:
Forming a company does not require putting down 25.000€. The minimum deposit of 25.000€ only applies for a company with limited liability (GmbH) as stated in § 5 GmbHG, https://dejure.org/gesetze/GmbHG/5.html There are other, rather startup friendly forms of company, e.g. the UG, https://www.e-recht24.de/artikel/existenzgruender/10530-startup-existenzgruender-ug-gruenden.html
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