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Personal liability is absolutely still an issue in the EU as well.


But will the same solution protect you?

When I was considering it here in Germany my tax advisor told me a UG[0] will mean a lot more bookkeeping and associated higher costs compared to remaining a sole proprietorship & that it will practically not likely to have any benefit in my case[1].

I can imagine less bureaucratic countries like the US & UK impose less of an overhead tho. For the life of me I can't understand why the German authorities are so resistant to entrepreneurship.

[0] https://en.wikipedia.org/wiki/Entrepreneurial_company_(Germa...

[1] I was doing game development consulting for various small companies, something I guess is unlikely to really get me sued?


In the UK you want the Ltd.

Sure, if you destroy a customers data on purpose, limited liability isn't going to help you. For a mistake, an Ltd with insurance is what you want.

If you're dealing with any reasonble amount of money, such as £40k+ per year, it's also more tax efficient.


It’s less tax efficient in Germany until a much higher threshold


"Personal liability" is an overly broad term. In the EU a single baseless lawsuit does not bankrupt you, so if you feel you have your finances under control, it might turn out that sole proprietorship is not a problem at all.

This is what I meant by "liability problems are much less of an issue in the EU".




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