Founding a UG - How to register your entrepreneurial company

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The establishment of a entrepreneurial company (UG) is an exciting step into self-employment. This "mini-GmbH" allows you to start with little capital while also protecting your personal assets. Here you will find all the important information to successfully register your UG and smoothly navigate the founding process.

Key Insights

The UG is a corporation that provides you with limited liability. It can be founded with a minimum contribution of just one euro, yet the founding costs and administrative preparation should not be overlooked. A well-drafted partnership agreement and notarization are essential.

Step-by-Step Guide to Founding a UG

To found your UG, there are several steps you should consider.

Step 1: Create Partnership Agreement

The first step in your UG establishment is to create a partnership agreement. This contract regulates, among other things, the shares of the partners and the position of the managing director. It is important that the contract is tailored to your specific situation and that a standard document from the internet is not simply used. Consulting a lawyer can provide legal security here.

Starting a UG - How to register your entrepreneurial company

Step 2: Appointment with Notary

Once the partnership agreement is created, you need to make an appointment with a notary. The notary will read the contract aloud and notarize the signatures of the partners. This is important so that later no one can claim they were unaware of the contents of the contract.

Founding a UG - How to register your entrepreneur company

Step 3: Create Company List

After notarization, the notary will create a company list. This list includes all partners and specifies who will take over the management. This step is crucial, as it officially records who is part of the UG and what roles each individual will take in the company.

Found a UG - Here's how to register your entrepreneurial company

Step 4: Deposit of Share Capital

Before the notary registers the establishment with the commercial register, you need to deposit the share capital, at least 1 €, into the UG's business account. You should keep a receipt for this deposit, as it is needed for the next step.

Step 5: Registration with the Commercial Register

After the deposit of the share capital, the notary informs the district court about the establishment of the UG. This registration includes the entry in the commercial register and is important so that you are officially capable of doing business. You will then receive a confirmation and an invoice that you need to pay.

Step 6: Confirmation and Business Start

After paying the invoice, you will receive a confirmation of the entry in the commercial register. From this point on, you are legally capable of doing business and can operate your company.

Founding a UG - How to register your entrepreneurial company

Summary - Register UG - Step by Step to Entrepreneurial Company

You have now learned the steps required to successfully register an entrepreneurial company. From creating the partnership agreement to the entry in the commercial register, each step is important for the legal protection and successful founding of your business.

FAQ

What is a UG?The UG is an entrepreneurial company, also known as a mini-GmbH, with limited liability to the company assets.

Can I create the partnership agreement myself?It is recommended to involve a lawyer to ensure that the contract is legally sound.

How high are the founding costs?The founding costs typically range from a few hundred euros to 1000 euros or more, depending on the services chosen.

How long does it take to establish a UG?The establishment can take several weeks to months, depending on the individual steps and preparations.

What is the minimum capital requirement for a UG?The minimum capital requirement is 1 euro, but it is recommended to deposit more to ensure financial stability.