No we don't. UG is still a GmbH bureaucratic monster which a bit less start capital. You still need to follow all taxation rules like GmbH, which costs you few more thousands per year (Bilanzeirung, Steuerberater, Abschluss, ...) just to be legaly compliant.
replyAmerican LLC taxation is as simple as or even simpler than Anlage EÜR. And you don't need a tax advisor to do it.
That’s what they said? That UG solves the issue of having to have a start capital.
reply> which a bit less start capital.
replyYou may consider a capital stock of "at least 1€" even significantly less than 25k€. Not sure you are arguing in good faith.
A UG and and a GmbH is legal-wise exactly the same.
replyOP’s point is that you don’t need money in the bank to open an LLC like you would in Germany.
replyYou don't need money for the UG either. You might need money for operating expenses later etc, but that's not what OP complained about and should be similar for an LLC. (Depending on type of business, location etc)
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