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There are several types of business that you can start in Germany. Your responsibility to choose a business entity as you start out of business. On the other hand, the type of business that you plan to manage may also offer the type of entity to use. It all depends on whether you want to run that business in Germany. Here's a list of companies to guide you through;
Single Ownership
Accepting the only proprietary type of entity means that you may want to start from scratch on a small scale. The less complex structure is the only proprietor, it is usually associated with a person who owns and manages the enterprise.
If you wish to work alone, this may be the way to go. The only proprietary tax aspects are particularly attractive because the business income and expenses are included in your personal income tax return.
Partnership
This is especially useful when you do not want to be the only one involved in ownership, then you can consider taking entity sharing style. If your business is managed and managed by a lot of people, then you can organize your business as a partnership. Partnership comes in two variations: general partnerships and limited partnerships.
In the general partnership, the partners complete the company and shoulder the responsibility for the liability of partnership debt and other responsibilities.
On the other hand, there is a limited partnership both common and limited partners. General partners are responsible for business-owned and active and partnership, limited partners only work as investors. This means they do not take any control over the company and do not associate with the same liability as a general partner.
Corporation
Such an entity is adopted on a very large scale and taking corporate structure is more complex and costlier than most business structures. A corporation is a distinct legal entity, distinct from its owners, and thus it needs more restrictions and tax requirements.
