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August 5th, 2010, 15:22
Originally Posted by Gorath View Post
Given you are a 1 person company (the second you take money you are a company!) it's possible you are liable with your whole private property. At least in Germany it would be that way, and France is also EU, so maybe there's some EU standard in place.
It's because there are no other "methods" in Germany - at least as far as I know of it - to "become" a company than a GBR.

The more money people have, the faster they'd found a company form (like the GmbH) in which they are NOT liable with their own private money.

It's again like the cynical proverb : "Those who have will given". Because people with lots of oney are able to found a company in which they cannort lose all of their money in terms of liability.
Those who have only few money intead are only able to found companies in which they are able to lose all of their money in terms of liability.
Which means that people with lots of money are favoured by the law (the possibility to found companies).
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. (E.F.Schumacher, Economist, Source)
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