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by ido
2636 days ago
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But will the same solution protect you? When I was considering it here in Germany my tax advisor told me a UG[0] will mean a lot more bookkeeping and associated higher costs compared to remaining a sole proprietorship & that it will practically not likely to have any benefit in my case[1]. I can imagine less bureaucratic countries like the US & UK impose less of an overhead tho. For the life of me I can't understand why the German authorities are so resistant to entrepreneurship. [0] https://en.wikipedia.org/wiki/Entrepreneurial_company_(Germa... [1] I was doing game development consulting for various small companies, something I guess is unlikely to really get me sued? |
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Sure, if you destroy a customers data on purpose, limited liability isn't going to help you. For a mistake, an Ltd with insurance is what you want.
If you're dealing with any reasonble amount of money, such as £40k+ per year, it's also more tax efficient.