Starting a Business in Berlin

24 25 Starting a Business in Berlin A Beginner’s Guide CHAPTER 3 There is no single answer to the question of what is the ‘right’ legal form for a new business venture to adopt. In the first instance, an analysis must be made of the respective requirements of the founder(s), such as the cost, liability, administrative burden, whether he is starting up alone or with partners, etc. Chapter 3.2 will tell you more about what name you should choose for your company and what key criteria apply when naming a company in Germany. Of course, the legal form you choose has an impact on the taxes you have to file and pay. To find the appropriate legal form for your company’s situation, we recommend that you consult a tax advisor who can analyse your individual needs and advise you on the correct legal form. Further informati- on on applicable taxes can be found in Chapter 3.3. Legal Questions and Taxes