UG formation made easy: Your company in 11 simple steps

Summary

This video guides viewers through the process of setting up a UG (Entrepreneurial Company), which is a form of GmbH. It covers essential steps, such as choosing partners and managing directors, drafting a notarized partnership agreement, opening a business bank account, registering with the commercial register, and complying with tax and legal requirements. The video also provides insights into the financial aspects, such as share capital and the importance of maintaining 25% profit savings until the UG evolves into a GmbH. Practical tips and warnings, such as avoiding fraudulent fees, are also shared.