Unternehmergesellschaft – GmbH UG
A “business company” (Unternehmergesellschaft – GmbH UG) can be formed
with a lower initial registered share capital and less formal requirements for its
formation than is the case for the usual GmbH. The GmbH UG is no specifc legal
form; it is a version of the GmbH that can be formed with a minimum of € 1 regis-
tered share capital. A GmbH UG is not allowed to distribute its profts completely;
the minimum stated capital of such entities has to be saved up over the years.
Model articles of association (Musterprotokoll) are provided for incorporating a
GmbH UG. Notarial charges can be reduced when using these model articles.