Earlier quoted context omitted.
That's for a GmbH [1] where you create an independent legal entity. Actually it's 25k and almost 1k in legal fees. Though, you only need an accountant if you have millions in assets or plenty of employees. [3] However, that's for an independent legal entity. If you want to start a business, you can simply register a business, even online [2] for about 25 to 100 euros. If you don't have wealth to protect you don't nee…
> However, that's for an independent legal entity. If you want to start a business, you can simply register a business, even online [2] for about 25 to 100 euros. If you don't have wealth to protect you don't need a legal entity anyway. I'm not sure I follow. If your startup isn't even an independent legal entity, AFAICT you can't pay your employees with equity (e.g. stock options). If you could, the risk would be su…
* If you have co-founders, 25k shouldn't be a problem if you pool your money. A group of people who have worked for some years should have that much money or I would fear that they cannot hold budgets for the company
* If you have employees, 25k is a month or two of their salaries. You are dead in the water if you don't have that amount of money in advance as a buffer
* If the CEO owns something like 90% of a GmbH and he screws up, his 90% go to whoever has to be compensated. There is no fundamental difference to him owning everything. If you are an employee, then you better start your own company with your colleagues, even if it was a GmbH. If you are an investor, well, start anew. You have spend less than 25k or this would have been a GmbH.