My personal conclusion is that all these three forms of organization have advantages and disadvantages for nearly everyone who might be interested in incorporate a business. On the one side the GmbH could be used for every business and it is proven. But you need not less than 25.000 € to start your business under this legal structure.
Moreover the Limited is also proven, but there is the problem that you need a registered office probably far away from your generally business location. But the advantage of this legal structure is that there is no need to have any initial capital.
The SPE is maybe a great legal structure but nobody could know this because it is not tested. The idea of this form of organization in my opinion is a quite good brainchild.
Now it depends on you, than all these legal structures are for capital companies and they are generally used for low and mid-level business. The most important fact is that your responsibility is limited.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Way of looking at the problem
- Ambitions
- Gesellschaft mit beschränkter Haftung (Limited Liability Company)
- Fundamentals
- Foundation
- Advantages
- Disadvantages
- British Limited Company
- Fundamentals
- Foundation
- Important Elements of the British limited company
- Shareholders
- Board of directors
- The company secretary
- Registered office
- The Ltd. In Germany
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document aims to provide a comprehensive comparison of three different legal structures for companies: the German GmbH, the British Limited Company, and the Societas Privata Europaea. The primary objective is to illustrate the advantages and disadvantages of each structure, enabling potential entrepreneurs to make informed decisions regarding company formation in Germany or Great Britain.
- Comparison of Legal Structures: The document delves into the key characteristics, advantages, and disadvantages of the GmbH, British Limited Company, and Societas Privata Europaea.
- Foundation and Registration: The process of establishing each company type is examined, including requirements for capital, documentation, and legal procedures.
- Liability and Ownership: The extent of shareholder liability and ownership structures within each legal framework are explored.
- Operational Aspects: The document highlights the key elements of company management, including board composition, roles of directors, and responsibilities of the company secretary.
- Tax and Legal Implications: The tax and legal implications of each structure are discussed, particularly in the context of operating a British Limited Company in Germany.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the three legal structures under consideration: the German GmbH, the British Limited Company, and the Societas Privata Europaea. It outlines the scope of the document and the author's ambitions to provide a comparative analysis of these legal frameworks.
- Gesellschaft mit beschränkter Haftung (Limited Liability Company): This chapter delves into the fundamentals of the GmbH, outlining its legal characteristics, capital requirements, and registration process. It highlights the advantages, such as limited liability and flexibility in business operations, as well as disadvantages, including potential difficulties in asset separation and the need for extensive documentation.
- British Limited Company: This chapter explores the British Limited Company, including its structure, foundation procedures, and key elements. It examines the roles of shareholders, directors, the company secretary, and the registered office, providing insights into the operational aspects of this legal structure.
Schlüsselwörter (Keywords)
The key concepts explored in this document include legal structures, company formation, limited liability, capital requirements, registration procedures, shareholders, directors, company secretary, registered office, tax implications, and operational aspects. It focuses on the comparison of the German GmbH, the British Limited Company, and the Societas Privata Europaea, providing insights into the advantages and disadvantages of each structure for entrepreneurs seeking to establish businesses in Germany or Great Britain.
- Quote paper
- Steve Brause (Author), 2010, Comparison of the "Gesellschaft mit beschränkter Haftung", the "British limited company" and the "Societas Privata Europaea", Munich, GRIN Verlag, https://www.grin.com/document/173763
