Insights
Breaking: Marcus Friedrichs joins Greenfields!
Greenfields is excited to announce Marcus Friedrichs will join as Managing Director on October 1st, 2024.
Greenfields reaches EUR 1 billion AuA in Q1
Greenfields, a German Corporate Service Provider, quickly reached over EUR 1 billion in facilitated investments during its first quarter, thanks to its comprehensive services for international clients.
Financial Statements in Germany
In Germany, businesses generally must prepare annual financial statements, including a balance sheet and profit/loss statement, with exceptions for smaller entities and varying requirements based on company type and international operations.
Liability of Managing Directors in Germany
In Germany, GmbH managing directors face both internal liability to the company for failing in their "diligent businessman" duties, and external liability to third parties in specific cases like unpaid taxes or misrepresentation.
Difference of seat, address and place of management
Germany's 2008 GmbH reform separated the registered office from the administrative headquarters, creating distinct legal and operational address requirements with strict notification rules.
Formation of a GmbH
To register a German GmbH, one must define company essentials, notarize the articles, pay in share capital, and then the notary registers it with the Commercial Register.