Support is advisable when establishing a business.
Numerous business startups fail within their first few years. The reasons for this can often be attributed to a lack of expertise. Suddenly, entrepreneurs face problems they have not encountered in their professional careers before. It demonstrates entrepreneurial foresight to seek support early on. The state shares this view and promotes the use of consulting services for business startups through numerous programs.
There are many different company and legal structures for a startup.
The law provides a variety of different company and legal structures for business formation. However, these differ significantly, for example, regarding personal liability, capital requirements, disclosure obligations, and corporate taxation.
Thus, in addition to the business form for sole founders as individual entrepreneurs, there are numerous company forms such as the GmbH (limited liability company), the OHG (general partnership), Gesellschaft bürgerlichen Rechts (GbR - civil law partnership), Kommanditgesellschaft (limited partnership), or GmbH & Co. KG – to name just a few.
Generally, it can be stated that comprehensive legal advice is always recommended to ensure that the appropriate legal structure is chosen for the company based on individual needs, enabling it to look forward to a successful future. As a lawyer specializing in corporate law, we are happy to advise you on this important step.