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August 5th, 2010, 17:14
All you need is 20 bucks for the license. Which is a simple form sheet in 99% of the cases. You go to the correct office, declare yourself, the officer checks your ID and has a brief look at the paper, you pay your 20 bucks and that's it. Then you are a "full merchant", which means you know how an honorable merchant should behave and everybody else expects you to behave like that. And you're liable with everything you own, except the defined minimum (a cheap car, a TV, a bed, …). Which makes it quite easy to get money from the bank.

A GmbH (similar to a Ltd.) costs 25k, at least half in cash I think. There's also a smaller for which may allow you to get started with less investment. A GmbH naturally has trouble getting a bank loan due to lack of securities.

There are also several mixed forms. If you're in the money it's definitely worth checking out.

edit: There were discussions to lower the sum for the GmbH to 10k. I don't know if this has been done in the meantime.
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