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entrepreneur checklist
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entrepreneur checklist
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3. Legal form
The decision, in which legal form the business should be established, is eminently important and needs a careful assessment including all legal, fiscal and economic consequences.
The right election of the legal form is a crucial basis for the continuance of the business. A form of business organization, that represents itself as optimal at the beginning, can in the run because of the time of incoming changes like expansion, higher liability risk etc. itself also as disadvantageous proves. It therefore is commendable to check whether the current legal form is still up to date.
For this, the conversion law makes available suitable instruments. The possibility of the form change especially comes in consideration, i.e. an alteration of the legal form of maintenance of the identity of the business. It is important with reference to the then concretely to introduce legal steps as well as the tax effects, accompanied advice, if necessary from a specialized lawyer, to catch up with.
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