We have an UG for that. A GmbH is simply the wrong legal form for that sort of thing. You can create an UG with a single Euro on the bank account (and then immediately go bankrupt once you need to pay the notary).

▲

miroljub 2 hours ago | parent | next [-]

No we don't. UG is still a GmbH bureaucratic monster which a bit less start capital. You still need to follow all taxation rules like GmbH, which costs you few more thousands per year (Bilanzeirung, Steuerberater, Abschluss, ...) just to be legaly compliant.

American LLC taxation is as simple as or even simpler than Anlage EÜR. And you don't need a tax advisor to do it.

▲

thomas_witt 2 hours ago | parent | prev | next [-]

A UG and and a GmbH is legal-wise exactly the same.

▲

slopinthebag 2 hours ago | parent | prev [-]

OP’s point is that you don’t need money in the bank to open an LLC like you would in Germany.

	▲	fl0id an hour ago \| parent [-]
		You don't need money for the UG either. You might need money for operating expenses later etc, but that's not what OP complained about and should be similar for an LLC. (Depending on type of business, location etc)