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Luna 🇩🇰🦊 //nullptr::live (lunafoxgirlvt@vt.social)'s status on Friday, 21-Jul-2023 23:38:59 JST Luna 🇩🇰🦊 //nullptr::live

Taxation laws are still quite complex in Denmark but if I want to actually take corporate sponsors I need to start some sort of sole proprietorship *at least*.

In conversation Friday, 21-Jul-2023 23:38:59 JST from vt.social permalink
- Luna 🇩🇰🦊 //nullptr::live (lunafoxgirlvt@vt.social)'s status on Saturday, 22-Jul-2023 00:12:34 JST Luna 🇩🇰🦊 //nullptr::live
  in reply to
  - Kevin Karhan :verified:
  @kkarhan Downside with an LLC in Denmark is that you need at least 2 people to start one and it needs start capital to not immediately implode
  
  In conversation Saturday, 22-Jul-2023 00:12:34 JST permalink
- Kevin Karhan :verified: (kkarhan@mstdn.social)'s status on Saturday, 22-Jul-2023 00:12:35 JST Kevin Karhan :verified:
  in reply to
  
  @LunaFoxgirlVT #NotLegalAdvice but unless you're a rich person with a lot of collateral and reputation as economic professional, choosing some "limited liability" corporate structure to put things in and maintain stuff independent from oneself may be the way to go here.
  Please consult a licensed solicitor/lawyer and/or tax advisor in your juristiction!
  
  In conversation Saturday, 22-Jul-2023 00:12:35 JST permalink
- Luna 🇩🇰🦊 //nullptr::live (lunafoxgirlvt@vt.social)'s status on Saturday, 22-Jul-2023 00:16:28 JST Luna 🇩🇰🦊 //nullptr::live
  in reply to
  - Kevin Karhan :verified:
  @kkarhan nope, those were killed off some years ago.
  
  In conversation Saturday, 22-Jul-2023 00:16:28 JST permalink
- Kevin Karhan :verified: (kkarhan@mstdn.social)'s status on Saturday, 22-Jul-2023 00:16:29 JST Kevin Karhan :verified:
  in reply to
  
  @LunaFoxgirlVT IDK if there's something equivalent to UG (haftungsbeschränkt) in Denmark.
  Cuz that can be founded with €1 in capital [+ ~ €500 in administrative fees]...
  https://en.wikipedia.org/wiki/Entrepreneurial_company_(Germany)
  In conversation Saturday, 22-Jul-2023 00:16:29 JST permalink
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  1. Entrepreneurial company (Germany)
    
    An entrepreneurial company with limited liability (in German: Unternehmergesellschaft (haftungsbeschränkt)) is a German form of a private limited company, usually established as an alternative to a German corporation or GmbH (limited liability) entity. Companies organized as an entrepreneurial company have the suffix ‘UG (haftungsbeschränkt)’ appended to their names. Background The German government introduced the UG primarily to act as an alternative to establishing a traditional corporation. A UG established under German law is not a new type of legal entity; rather, it is a limited liability company similar to a GmbH, with the exception that, unlike the GmbH, it is not required to meet the legally mandated €25,000 share capital required of a GmbH—a UG can be established with as little as one euro of paid-in capital. However, a UG is still a separate legal entity from its owners and is fully liable for paying corporation taxes and publishing annual financial statements. UG entities can be recognized as not-for-profit, under the right conditions. The UG form has been met with great interest, especially by start...

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