[danrl]

I’m curios: If you have funding that gives you multiple years of runway (as stated earlier ITT), why didn’t you raise the contribution to EUR 25k and turn the UG (Haftungsbeschränkt) into a fully limited liability company (GmbH)? Wouldn’t that be one of the first moves when funding is in, to give the founders peace of mind regarding personal liability concerns?

[rad_gruchalski]

What kind of concerns are you talking about here?

UG is like GmbH with a difference that, afair, 25% or 30% of the profit has to be put aside towards GmbH conversion. Also, you’d do the conversion typically at the end of fiscal year.

For investors putting serious money in, what’s the difference if they can recover €5k or €25k? Stammkapital is the maximum liability for both UG and GmbH.

[qqqturing1]

GmbH looks more serious though

[rad_gruchalski]

Both are the same from the legal point of view. UG eventually ends up as GmbH, if company makes profit.

[abdelhai]

There's more to this than one would think :)