The most important requirements for founding a UG

Introduction

For many founders, establishing a limited liability company (UG) is an attractive way to start their own business. This legal form offers the opportunity to start with less start-up capital than with a GmbH and still limit liability to the company's assets. However, the requirements for establishing a UG are precisely defined and must be carefully observed.
This article explains the most important requirements for founding a UG in detail. From minimum capital requirements to necessary documents and the process of founding a company, all relevant aspects are examined. It also shows how the Niederrhein Business Center can support founders in setting up a UG and what advantages working with the business center offers.
Founders who decide to take the step into self-employment with a UG should inform themselves thoroughly in advance and carry out all the necessary steps correctly. This article serves as a guide for aspiring entrepreneurs and offers a comprehensive overview of the basic requirements for successfully founding a UG.

Importance of the UG for founders

The Unternehmergesellschaft (UG) is of particular importance for founders, especially for those who want to start a business with little start-up capital. The UG offers the possibility of starting with a lower minimum capital than with the GmbH, which makes it easier to start your own business. This is particularly attractive for young entrepreneurs and start-ups who do not have large financial resources.

The UG enables founders to quickly implement their business idea and establish it on the market. The flexible structure of the UG allows shareholders to acquire shares in the company and thus steadily increase equity. This creates scope for the company's growth and development.

Another important aspect is the limitation of liability, which also applies to a UG. Founders are only liable with the share capital they have contributed and not with their personal assets. This provides security and minimizes the risk in the event of economic difficulties or insolvency.

The UG therefore offers a good opportunity for founders to implement their entrepreneurial ideas without having to take a high financial risk. It serves as a springboard to independence and enables young companies to assert themselves on the market. Overall, the UG plays an important role for founders and contributes to diversity and innovation in the economy.

Due to its flexibility and limited liability, the UG creates an attractive environment for company founders of all kinds. Especially in times of economic uncertainty, establishing a UG can be a sensible option for taking the step into self-employment.

In addition, the UG also offers tax advantages, as profits can be reinvested and thus no high tax burden arises. This enables young companies to grow faster and establish themselves on the market.

Overall, the importance of the UG for founders should not be underestimated. It represents an important alternative to the GmbH and opens up new opportunities for small companies in particular to realize their business ideas.

Overview of the article content

The following article provides a comprehensive overview of the most important requirements for establishing an entrepreneurial company (limited liability) – UG for short. The UG is a popular legal form for founders because it can be established with a low minimum capital and still offers liability limitations.

The article will first explain the importance of the UG for founders and then introduce the definition and characteristics of a UG. It will also show the differences between the UG and other company forms such as the GmbH.

One focus of the article is on the specific requirements for founding a UG. This includes information on the minimum capital, the share capital and the necessary documents and contracts that are required when founding a UG.

Furthermore, a step-by-step guide to the process of founding a UG is presented, including the preparation of the partnership agreement, the notarial certification and the entry in the commercial register.

Another section of the article is dedicated to the advantages of founding a UG with the Niederrhein Business Center. Here, the business address and the services provided by the business center when founding a UG are specifically highlighted.

Finally, frequently asked questions about founding a UG are answered in order to provide founders with additional information. The article ends with a summary of the most important requirements for founding a UG and how the Niederrhein Business Center can support you in this process.

Overall, this article provides a comprehensive overview of all relevant aspects that founders should consider when they want to set up an entrepreneurial company. Through detailed information on the requirements, the process and the advantages, readers gain a well-founded insight into this topic and can better decide whether a UG is a suitable legal form for their company.

What is a UG?

The Unternehmergesellschaft (UG) is a popular legal form for founders in Germany. It was introduced in 2008 and offers a flexible alternative to the GmbH. A UG is characterized above all by its low start-up costs, as a minimum capital of only one euro is required.

In contrast to a GmbH, however, when founding a UG, a quarter of the annual profit must be set aside as a reserve until the share capital of at least 25.000 euros is reached. Only then can the UG be converted into a GmbH. This process is also known as “upgrading”.

The UG functions in a similar way to a GmbH and offers the advantage of limited liability, which means that the personal assets of the shareholders are protected. In addition, the UG is viewed as an independent legal entity and can therefore conclude contracts, sue and be sued.

Founders often choose the UG in order to start a company with a low capital investment and at the same time enjoy the security of limited liability. The flexibility of this legal form makes it particularly attractive for start-ups and small companies that want to operate quickly on the market.

Definition and characteristics of a UG

The Unternehmergesellschaft (UG) is a legal form for corporations in Germany, also known as a “mini GmbH”. It was introduced to make it easier for founders with little start-up capital to enter into entrepreneurship. A UG only requires a minimum share capital of one euro, in contrast to the GmbH, which requires 25.000 euros.

The characteristics of a UG are similar to those of a GmbH: The UG is a legal entity and is liable with its corporate assets. Management is the responsibility of one or more managing directors who are registered in the commercial register. The UG must have a partnership agreement and regularly prepare balance sheets and pay taxes.

A UG can later be converted into a GmbH as soon as the share capital is increased to 25.000 euros. This offers founders flexibility and the opportunity to start with little capital and expand their company in the long term.

Differences between UG and other company forms

The Unternehmergesellschaft (UG) is a popular legal form for founders who want to start with little capital. A key difference between the UG and other company forms such as the GmbH is the minimum capital. While a minimum capital of 25.000 euros is required to establish a GmbH, a UG can be founded with a symbolic amount of just one euro.

Furthermore, UG and GmbH differ in terms of the liability of the shareholders. In a UG, the shareholders are generally only liable up to the amount of their contributions, which is referred to as “limited liability”. In contrast, the shareholders of a GmbH are also liable with their personal assets if the share capital is not sufficient to cover liabilities.

Another difference lies in the legal requirements for bookkeeping. Like a GmbH, a UG must keep proper bookkeeping and prepare annual financial statements. This means a higher administrative burden compared to other types of company such as a sole proprietorship or a GbR.

There are also differences between a UG and a GmbH in terms of image and perception on the market. Since the UG is often seen as a “mini-GmbH”, this could lead to reservations among business partners or investors. A GmbH, on the other hand, is often perceived as more established and reputable.

Requirements for establishing a UG

Establishing a limited liability company, or UG for short, is a popular choice for founders who want to start with little capital. But what requirements must be met to establish a UG?

First of all, you need a minimum capital of 1 euro. This amount must be paid in as a share capital when the UG is founded. Furthermore, certain documents and contracts are required. These include in particular the partnership agreement and the statutes of the UG.

The partnership agreement specifies, among other things, the shareholders' shares and the rules for management. The articles of association establish the legal framework for the company and regulate, for example, the convening of shareholders' meetings.

When founding a UG, all shareholders and managing directors must also be named. It is important that everyone involved gives their consent to the formation and can prove their identity.

The process of founding a UG involves several steps. First, the partnership agreement is drawn up and notarized. Then it is entered into the commercial register, which makes the UG legally binding.

It is advisable to seek professional support when founding a UG in order to avoid mistakes and to handle the process efficiently. Service providers such as the Businesscenter Niederrhein offer comprehensive help with founding a UG and take care of a large part of the bureaucratic work.

Overall, the requirements for founding a UG are manageable, but it is important to fulfill them carefully in order to avoid legal problems in the future. However, with the right partners at your side, founding a UG can go smoothly and lay the foundation for a successful company.

In addition to the formal aspects, prospective founders should also think carefully about their business idea and create a solid business plan. This not only serves as a guide for their own actions, but also as an important basis for potential investors or lenders.

Furthermore, founders should find out about possible funding programs that can help them finance their project. Financial support can be crucial to the success of the company, especially in the first few years.

Tax aspects also play a role when founding a UG. It is therefore advisable to consult a tax advisor at an early stage in order to avoid tax pitfalls and benefit from possible tax advantages.

In summary, it can be said that the founding of a UG requires good preparation. By fulfilling all the requirements and through sound planning and advice, you can successfully master the path to self-employment.

Minimum capital and share capital when founding a UG

When founding a limited liability company (UG), certain requirements must be met, including the determination of the minimum capital and the share capital. In contrast to other legal forms such as the GmbH, the minimum capital for a UG is significantly lower. It is currently 1 euro.

The share capital refers to the amount that the shareholders pay into the company. This amount does not necessarily have to be paid in full when the UG is founded, but can also be paid later. However, it should be noted that the share capital must be entered in the commercial register.

There are various ways to make the capital contribution. The payment can be made in the form of cash or contributions in kind. In the case of contributions in kind, these must be valued and, if necessary, confirmed by an expert.

The amount of the share capital also determines the liability of the shareholders. Since the UG is a limited liability company, the shareholders are generally only liable for their contribution. However, it is important to note that falling below the minimum capital can lead to personal liability.

Overall, the minimum capital and the share capital play a crucial role in the establishment of a UG and should be carefully planned and implemented in order to avoid legal problems.

It is advisable to find out in advance about all legal requirements related to the minimum capital and share capital when founding a UG. Professional advice from experts can help to minimize potential risks and ensure a smooth start to the company.

As the business continues to operate, it is important to keep an eye on compliance with the regulations regarding minimum capital and share capital. Changes or increases in capital must be properly documented and registered with the commercial register.

In summary, the minimum capital and the share capital are essential components when establishing a UG and have both legal and financial implications for the company and its shareholders.

Necessary documents and contracts for the establishment of a UG

When founding a limited liability company (UG) certain documents and contracts are essential. One of the most important documents is the partnership agreement, which sets out the legal framework for the company. This regulates, among other things, the shareholders, shares, management authority and profit distribution.

In addition to the partnership agreement, the UG's statutes and a list of all shareholders and managing directors must also be drawn up. The statutes determine the internal organizational structures and regulate, for example, the convening of shareholders' meetings or the passing of resolutions.

The list of shareholders and managing directors serves to name all those involved transparently and to register them in the commercial register. It contains information such as names, addresses and shareholdings of the persons.

All of these documents and contracts are crucial for the smooth formation of a UG and should be carefully prepared and checked to avoid later problems.

Articles of association and statutes of the UG

The partnership agreement and the statutes are two crucial documents when founding an entrepreneurial company (UG). The partnership agreement regulates the internal relationships between the partners and determines important points such as management, profit distribution and decision-making processes. It is an individual document that is tailored to the needs of the founders.

The articles of association, on the other hand, set out the legal framework for the company. They contain information about the company name, the company's registered office, the company's purpose and the powers of representation. The articles of association must meet certain legal requirements and be entered in the commercial register.

Both documents are essential for establishing a UG, as they create clarity and prevent disputes among the shareholders. A well-drafted partnership agreement and clear statutes form the foundation for successful cooperation within the company.

It is advisable to hire an experienced lawyer or notary to prepare these documents to ensure that all legal requirements are met. Carefully drafting the partnership agreement and articles of association can avoid potential conflicts and ensure a smooth start to the company.

List of shareholders and managing directors

The list of shareholders and managing directors is an important part of the founding of an entrepreneurial company (UG). This list contains all persons who are involved in the UG as shareholders or managing directors. The details of the shareholders are required by law and must be entered in the commercial register.

The partners of a UG are the shareholders of the company. They participate in the capital of the UG with a certain share capital and thus participate in the profits and losses of the company. The number of partners in a UG can be between one person (one-person UG) and a maximum of three people.

The managing directors, on the other hand, are responsible for managing the UG and representing it externally. They manage the UG's business and represent the company to third parties. The appointment of a managing director is also required by law and must be entered in the commercial register.

When compiling the list of shareholders and managing directors, all relevant information such as name, address, date of birth, nationality and the amount of their shareholding must be carefully documented. This information is not only used for entry in the commercial register, but also for internal documentation within the company.

It is important that the list of shareholders and managing directors is correct and complete, as it forms a legal basis for the organization and management of the UG. Errors or inconsistencies in this list can lead to legal problems and should therefore be avoided.

Process of founding a UG: step-by-step instructions

The process of establishing an Unternehmergesellschaft (UG) requires a structured approach to ensure that all the necessary steps are carried out correctly. Here is a detailed step-by-step guide to help you successfully complete the process of establishing a UG.

The first step is to create a partnership agreement for your UG. This agreement will set out important details such as the names of the partners, their shares in the company and the role of the managing director. It is crucial that the agreement is carefully drafted as it forms the basis for the functioning of your UG.

After the partnership agreement has been drawn up, it must be notarized. A notary checks the contract for legality and then certifies it. The notarial certification ensures that the contract is legally binding and recognized by all parties.

The next step is to register your UG in the commercial register. You must submit all the necessary documents, including the notarized partnership agreement and information about the partners and the managing director. Registration in the commercial register confirms the existence of your UG as a legal entity.

The notary plays an important role in this process, as he ensures that all legal regulations are complied with and that the registration is carried out correctly. His expertise guarantees a smooth process when establishing your UG.

It is advisable to seek advice from professionals throughout the entire process of founding a company to avoid potential mistakes and ensure that your UG is properly established. By carefully planning and paying attention to all legal aspects, you can successfully establish your UG and give your company a solid start.

Preparation of the partnership agreement and other necessary documents

Drawing up the partnership agreement and other necessary documents is a crucial step in establishing an entrepreneurial company (UG). The partnership agreement is the central document that regulates the relationship between the partners and forms the basis for the company.

The articles of association of a UG must contain important points such as the amount of the registered capital, the distribution of shares, the rights and obligations of the shareholders, as well as rules on management and decision-making. It is advisable to commission an experienced lawyer or notary to draw up the articles of association to ensure that all legal requirements are met.

In addition to the partnership agreement, other documents must also be prepared for the establishment of a UG. These include, among others, the list of shareholders with their names and place of residence, a confirmation of the payment of the share capital into the company account and, if necessary, approval for the management by a managing director.

The careful preparation of all required documents is crucial for the smooth running of the UG formation process. Errors or ambiguities in the contracts can lead to legal problems and should therefore be avoided. Professional support from experts such as lawyers or notaries can help to complete all formalities correctly and create a solid foundation for the new company.

A well-drafted partnership agreement not only defines the internal structures and processes of the company, but also serves as a safeguard for all parties involved. Clear provisions in the contract can prevent conflicts and help find solutions in the event of differences of opinion.

In addition to the documents mentioned, founders of a UG should also think about other important documents, such as sample minutes for shareholders' meetings or supervisory board meetings. These minutes serve to formally record resolutions and are of great importance in the context of legal disputes.

Overall, the careful preparation of all necessary documents is an essential step on the way to founding a UG. Professional advice from experts can help to avoid potential stumbling blocks and create a solid basis for starting the company.

Notarization and entry in the commercial register

Notarial certification and entry in the commercial register are crucial steps in the formation of an entrepreneurial company (UG). After the partnership agreement has been drawn up, the partners must appear for notarial certification. The notary checks the completeness and legality of the contract and certifies it.

Notarial certification is required by law and serves to ensure the seriousness and legal validity of the founding act. The notary also checks the identity of the shareholders and their authority to represent the company. After certification, the UG receives its legal personality.

The company is then entered into the commercial register. The notarized partnership agreement is submitted to the relevant registry court together with other required documents. The entry in the register confirms the existence of the UG to the outside world and enables it to participate in commercial transactions.

Registration in the commercial register is a public act through which information about the UG becomes accessible to everyone. Details such as the company name, registered office, managing director and share capital are published. This creates transparency and trust among business partners, customers and creditors.

Overall, notarial certification and entry in the commercial register are important legal steps in order to legally establish a UG and make it capable of operating. Professional advice from a notary and careful preparation of all necessary documents are essential for the formation process to run smoothly.

It is advisable to find out about the exact requirements for the partnership agreement early on in order to avoid possible errors or delays in the process. You should also be aware of any costs associated with notarization.

After successful registration in the commercial register, the UG can officially start business activities and conclude legally binding contracts. Regular maintenance of the data stored in the commercial register is also important in order to document changes promptly and thus ensure legal certainty.

Role of the notary in the establishment of a UG

The role of the notary in the formation of a UG is crucial. The notary takes on important tasks in the process of establishing the company and ensures that all legal requirements are met. One of the main tasks of the notary is to notarize the UG's articles of association. This step is essential because the articles of association form the basis for the company and record all important regulations and agreements between the partners.

In addition, the notary checks the identity of the shareholders and managing directors as well as their authorization to establish a UG. He ensures that all the necessary documents are properly available and advises those involved on questions regarding the establishment process. The notary also ensures that the UG is correctly entered into the commercial register and accompanies this process.

Overall, the notary plays an important role as a neutral and independent legal advisor when founding a UG. His expertise ensures legal certainty and transparency in the founding process, which is a great advantage for everyone involved. It is therefore advisable to use an experienced notary to ensure that your UG is founded smoothly and legally.

Advantages of founding a UG with the Business Center Niederrhein

The formation of an entrepreneurial company (UG) offers many advantages for founders, especially if they use the services of the Niederrhein Business Center. A key advantage is the possibility of using a valid business address. This address can be used for business registrations, entries in the commercial register and the imprint of the homepage. It protects the privacy of the founders, as their private address remains hidden from the eyes of third parties.

The Niederrhein Business Center not only offers a business address, but also comprehensive services in the context of establishing a UG. The company supports the creation of necessary documents such as the partnership agreement and the statutes. It also helps with registration with authorities and takes over a large part of the bureaucratic work so that the founders can concentrate on building up their business.

Other advantages of founding a UG with the Niederrhein Business Center include mail acceptance and forwarding as well as a telephone service. This enables the founders to be professionally positioned and to answer customer inquiries promptly without being tied to a fixed location.

In addition, the Niederrhein Business Center offers modular start-up packages specifically for UGs, which help founders to build up their company quickly and efficiently. The service fee of just 29,80 euros per month makes this solution particularly attractive for start-ups and small companies with limited budgets.

Overall, the Niederrhein Business Center is a cost-effective and flexible solution for founding a UG. The company's professional support allows founders to concentrate on their core business while benefiting from first-class infrastructure. The positive customer reviews confirm the quality of the services and underline the users' satisfaction with the business center's offering.

Serviceable business address and its advantages

A virtual office with a valid business address offers companies numerous advantages. Such an address not only serves as the official company headquarters, but also protects the privacy of entrepreneurs. By using a valid business address, founders can hide their private address from third parties and maintain a professional image to the outside world.

Furthermore, a valid business address enables you to register your business and be entered in the commercial register. It can be used on letterheads, invoices and the homepage as the imprint. The tax office accepts this address as the official headquarters of the company, which is essential for smooth business operations.

Another advantage is flexibility. Companies can work from anywhere without being tied to a fixed location. This is especially beneficial for start-ups, freelancers and small businesses that do not yet need physical office space or want to avoid the costs of doing so.

Additionally, a serviceable business address provides professionalism and credibility. Customers and business partners have more trust in a company that has an established address. This can help attract new customers and promote company growth.

Overall, a serviceable business address is an important component for any company that values ​​integrity and wants to protect its privacy. By using this service, founders can work efficiently, meet legal requirements and at the same time maintain a professional appearance.
The option of picking up mail items yourself at the business address where they can be served offers additional convenience for entrepreneurs who work flexibly or are often on the move. In addition, the postal forwarding of mail items to any desired location worldwide enables smooth communication with customers and partners.

A serviceable business address is also helpful in legal compliance. Correctly providing an official company address on all business documents and communications is required by law. Having such an address allows companies to ensure they meet all legal requirements and avoid potential fines or legal consequences.

In addition, a serviceable business address can help strengthen a company's image. A prestigious address in a prestigious business district can impress potential customers and increase trust in the company's professionalism.

Overall, a serviceable business address offers numerous benefits for companies of all sizes. From ensuring privacy to creating a professional image and complying with legal regulations, this service plays a crucial role in a company's success in the market.

Services of the Business Center Niederrhein in the establishment of a UG

The Niederrhein Business Center offers comprehensive services to support founders in establishing a UG (limited liability company). One of the main services is the provision of a valid business address that can be used for business registration, entry in the commercial register and the imprint. This business address protects the founders' privacy and is accepted by the tax office as the official headquarters of the company.

In addition to the business address, the Niederrhein Business Center offers support in preparing all the necessary documents for establishing a UG. The partnership agreement and other required contracts are carefully prepared to meet legal requirements. In addition, the Niederrhein Business Center helps with registering the company with the relevant authorities and ensures that the entire process runs smoothly.

Furthermore, the Niederrhein Business Center takes on important tasks such as receiving and forwarding mail as well as a telephone service for the UG founders. This allows the founders to concentrate on their core business while the Niederrhein Business Center takes care of all administrative matters. Overall, the company offers a tailor-made solution for founders to make the start of their company as efficient and stress-free as possible.

Support in preparing documents and registering with authorities

Support in preparing documents and registering with authorities is a crucial step for founders who want to establish a UG (limited liability company). The process of establishing a company involves a variety of legal requirements and formalities that must be carefully observed. The Business Center Niederrhein offers founders professional help to make this complex process run smoothly.

When drawing up documents such as the partnership agreement, precision and specialist knowledge are required. The partnership agreement sets out the structure of the company, regulates the rights and obligations of the shareholders and managing directors and defines important decision-making processes. The Niederrhein Business Center supports founders in drawing up a tailor-made partnership agreement that meets the individual needs of the company.

In addition to the partnership agreement, other documents such as the list of shareholders and managing directors must also be prepared. These lists are important parts of the founding process and must be filled out and submitted correctly. The Niederrhein Business Center helps founders to compile all the necessary information and ensure that the documents comply with legal requirements.

Registration with the authorities is another step that the Niederrhein Business Center makes easier. Registration in the commercial register is necessary in order to obtain legal capacity for the UG. The Niederrhein Business Center handles communication with the registry court, prepares all the necessary documents and ensures that the registration process runs smoothly.

With professional support in preparing documents and registering with authorities, founders can be sure that their company is properly established and that all legal requirements are met. This gives founders the security they need to concentrate on their business and get off to a successful start.

Mail acceptance and forwarding, telephone service

Mail reception and forwarding, as well as telephone service, are crucial services that help businesses operate efficiently and make a professional impression. These services are particularly invaluable for start-ups and small businesses that may not yet have a permanent office address or lack sufficient resources to manage incoming calls and mail themselves.

Mail acceptance is more than just receiving letters; it provides a central point of contact for all business correspondence. By forwarding mail to a virtual business address, entrepreneurs can be sure that important documents will be processed on time. This creates trust among customers and business partners.

Professional mail forwarding ensures smooth communication between companies and external parties. Fast and accurate forwarding services ensure that no message goes unanswered or gets lost. This is especially important in business-critical situations.

The telephone service complements the postal services by providing a virtual telephone number. This number can be used to receive calls, forward them or even answer special inquiries. A professional telephone service ensures that customers are always connected to a friendly and competent contact person.

In summary, mail acceptance and forwarding services as well as telephone service offer companies the opportunity to concentrate on their core business while administrative tasks are handled effectively. Outsourcing these tasks to specialized providers such as the Businesscenter Niederrhein allows entrepreneurs to save time while offering a professional service.

By using these services, companies can operate flexibly, save costs and at the same time leave a positive impression on their customers. The combination of postal and telephone service helps to make everyday work more efficient and promote the growth of the company.

Frequently asked questions about founding a UG

Can I set up a UG if I live abroad?
Yes, it is possible to set up a UG even if you live abroad. However, there are some special features and additional steps to consider. Typically, you will need a domestic managing director or a legal entity as a local representative. You will also need to ensure that all required documents are submitted properly and that the legal requirements for foreign founders are met.

How long does it take to set up a UG?
The time it takes to set up a UG can vary depending on the effort and efficiency of the parties involved. In general, the process from drawing up the partnership agreement to notarial certification and entry in the commercial register can take several weeks to months. It is advisable to find out about the individual steps early on and, if necessary, seek professional support to avoid delays.

What happens after my UG is registered in the commercial register?
After successfully registering your UG in the commercial register, you will receive a commercial register entry and a registration number. From this point on, your UG is considered to be legally existent and capable of acting. You can now officially carry out business transactions, conclude contracts and present your company on the market. It is important to comply with all other legal obligations such as accounting obligations and tax returns.

What ongoing costs arise after founding a UG?
In addition to the one-off costs for setting up a UG, various ongoing costs may arise. These include, for example, rental or operating costs for office space, employee salaries, insurance contributions, and accounting and tax consulting costs. Regularly reviewing and adapting the business concept also requires financial resources. It is advisable to establish solid financial management and regularly review budgets to avoid unforeseen costs.

Can I set up a UG if I live abroad?

Yes, it is generally possible to set up a UG (limited liability company) even if you live abroad. Setting up a UG in Germany is not tied to citizenship or place of residence. However, there are some important points to consider if you live abroad and want to set up a UG in Germany.

First, you must appoint a managing director who is resident in the European Union (EU), the European Economic Area (EEA) or Switzerland. This managing director can be either a natural person or a legal entity. If you are not resident in one of these countries, you can therefore appoint a trusted person or a service company to act as managing director.

You must also ensure that all required documents are properly submitted and that the incorporation steps are carried out in accordance with German laws and regulations. It may be advisable to seek advice from an expert to ensure that all legal requirements are met.

It is also important to note that after establishing a UG, there are ongoing obligations such as the obligation to keep accounts and submit annual financial statements. These obligations apply regardless of whether you live in Germany or abroad.

Overall, it is possible to set up a UG in Germany if you live abroad. Through careful planning and compliance with all legal requirements, international founders can also successfully establish a UG.

How long does it take to set up a UG?

The time it takes to set up a UG (limited liability company) can vary depending on various factors. However, it usually takes between 4 and 8 weeks to successfully set up a UG and register it in the commercial register.

The process begins with the preparation of the partnership agreement and other necessary documents. This step may take some time, as the partnership agreement must be carefully drafted to adequately reflect the interests of all partners.

Once all the necessary documents are available, they must be notarized. Notarization is an important step in establishing a UG and serves to ensure the legality of the establishment process.

As soon as all documents have been notarized, the UG is registered in the commercial register. This step can also take some time, as the commercial registry office must check the submitted documents before confirming the registration.

Overall, you should plan between one and two months for the entire process of founding a UG. It is advisable to find out about all the necessary steps early on and, if necessary, seek professional support to avoid delays.

What happens after my UG is registered in the commercial register?

After registering your UG (limited liability) in the commercial register, there are a few important steps you must take. First, you will receive confirmation of the successful registration of your UG. This confirmation is important proof of the existence of your company and should be kept carefully.

Next, you must ensure that all the required information in the commercial register is correct. This includes information about the shareholders, the managing director and the company's registered office. Changes in these areas must be reported to the commercial register immediately.

After registering your UG, you can officially conduct business and enter into contracts in the name of the company. It is important that you comply with all legal requirements and adhere to the law.

You should also ensure that your UG regularly fulfills its legal obligations. These include preparing annual financial statements, holding shareholders' meetings and paying taxes and social security contributions.

It is also advisable to keep good accounting records and properly document all business transactions. Clean accounting not only makes it easier to meet legal requirements, but also gives you a clear overview of your company's financial situation.

What ongoing costs arise after founding a UG?

After establishing a UG (limited liability company), various ongoing costs arise that entrepreneurs must take into account. The most important ongoing costs include monthly operating expenses such as rent for office space or business address, employee salaries, insurance premiums and energy costs.

Another important item is tax payments. As a UG, you are obliged to pay trade tax, sales tax and, if applicable, corporation tax. These taxes must be paid regularly to the tax office and should therefore be taken into account in the company's financial planning.

In addition to direct operating costs, indirect expenses may also arise, such as marketing and advertising costs, training courses for employees or IT services to maintain the company's digital infrastructure.

It is advisable to create a detailed budget to keep track of all running costs and ensure that the business remains financially stable. Good accounting is essential to keep track of expenses and identify potential bottlenecks early on.

Conclusion: The most important requirements for founding a UG and how the Business Center Niederrhein supports you

The establishment of an entrepreneurial company (UG) requires the fulfillment of certain requirements in order to create the legal framework for the company. These include the minimum capital, the creation of the partnership agreement and the entry in the commercial register. The Niederrhein Business Center offers founders an efficient solution by supporting them in these steps and reducing the bureaucratic burden.

With a serviceable business address as its core product, the Niederrhein Business Center enables founders to register their UG with a professional address while protecting their privacy. The service fee of just €29,80 per month makes this solution particularly attractive for start-ups and small companies. In addition, the business center offers additional services such as mail acceptance, telephone service and support with registering with authorities.

By working with the Businesscenter Niederrhein, founders can be sure that their UG formation process will run smoothly and that all necessary steps will be carried out correctly. The company's expertise in providing virtual office services and start-up advice makes it a reliable partner for aspiring entrepreneurs. With tailor-made solutions and a customer-oriented approach, the Businesscenter Niederrhein helps founders to concentrate on their business while taking care of the bureaucratic burden.

Federal Ministry for Economic Affairs and Energy – Starting a business

Commercial register Germany

Start-up lexicon – information for founders

Chamber of Commerce and Industry (IHK) Germany

Federal Ministry of Economics and Energy