When starting your own company, various formalities need to be taken care of. Depending on the branch, legal form and other underlying conditions, you will have to register your company at various places (Register of Craftsmen, trade office, tax office, commercial register). If applicable, you will also require further exemptions/authorisations or permits, for example for passenger transport, restaurant permits or insurance brokerage.
Detailed information on start-up formalities is available through the IHK (Chamber of Industry and Commerce).
The legal form defines the businesses' operational framework and is normally regulated in the partnership agreement when establishing the set-up. The decision for an appropriate legal form must be carefully thought through as it will have a wide range of legal, financial, structural and personal consequences regarding, for example, liability, equity capital, public perceptionor taxes.
A distinction can be principally made between three different business forms:
The choice of legal form depends on many different factors. For further information see the website of IHK. With regard to the choice of legal form, it is always advisable to consult an attorney.