Accounting Fundamentals for Entrepreneurs in Germany

Accounting Fundamentals for Entrepreneurs in Germany What is accounting? Accounting records all payments such as income from sales, expenses for raw materials and supplies or the servicing of liabilities. Investments and the associated depreciation also fall within the scope of accounting. Particularly in the case of income and expenses, comparisons can then be made between […]

Writing Invoices as an Entrepreneur in Germany

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Writing Invoices as an Entrepreneur in Germany What to consider when writing invoices Founders and entrepreneurs need to know the legal issues when writing an invoice. First and foremost, there is the tax office, which is mainly concerned with sales tax and profit taxation. In the next sections we will thus take a look at […]

Opening a Business Bank Account

Opening a Business Bank Account in Germany For corporations, it is a legal obligation to open and maintain a business account without any gaps. For all other legal forms, there is no purely legal obligation to maintain a separate business account. Mandatory: GmbH UG gGmbH and gUG AG Non-mandatory: Freelancer Small businesses Businessman e.K. GbR, […]

How to Develop a Financial Plan

How to Develop a Financial Plan Building on the ways of financing, we will talk today about developing a solid financial plan. In the financial plan, you outline the expected financial development of your company: where your revenue is going to come from, how much costs you have and how you will secure the company’s […]

Ways to Finance Your Business

Ways to Finance Your Business When you start your own business, you have a wide variety of financing options available. However, not all of them are equally suitable for every start-up. The amount of financing, the purpose of the financing, the nature of your business, your risk tolerance and other factors play a role in […]

10 Steps to Starting a Business in Germany

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10 Steps to Starting a Business in Germany – Overview (quick links) Step 1: Creating the business plan Step 2: Finding the right legal form Step 3: Registering your address in Germany Step 4: Opening a bank account Step 5: Getting the right visa Step 6: Freiberufler or Gewerbetreibender Step 7: Getting a trade license […]

How to Open a Business Bank Account in Germany

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How to Open a Bank Account in Germany – Opening a German bank account is essential for living in Germany, not only for starting a business.You will need a bank account at the latest when you register your business with the tax office or when you start paying taxes. You do not need a business […]