I got a new job, which mainly consists of selling _____________ online.
It's the already existing company of an old friend of mine (he also offers ______________ offline), and his intention is to start a limited liability company, but only for the online selling part (which makes up for roughly 60% of his income atm).
A fellow worker, and already new friend of mine, is currently managing the online-sales part of the company, but while chilling at his house this evening, he told me that he intends to quit the job, instead of launching this limited liability company with my boss/friend, and I am the only guy who is there, and qualified to do that job at this time.

12.5K have to be put up to start it, which my boss ofc should have to put up. Theoretically, the owner of the limited liability company is also liable for another 12.5K, at least in case of bankrupcty. Though, this would ofc not be part of a deal. At least that's what I understood so far (Just work there since ~3 weeks)

In theory, there is a chance that my boss wanted my fellow worker to put up the 12.5K himself, since he has quite some dough, but he when we were chilling at his place this evening, he only mentioned that he wants to leave for several other reason, but only metioned that he basically isn't really interested in _________ on the side, while pointing out that he has an other potentional job, which he would enjoy a lot more.

I know this thread is, dociely said, a bit fragmented, but that is simply due to me not feeling right when pushing all my question on my boss, only due to the fact that I have the info that he ain't got, that my fellow-worker will leave. I will ofc talk to fellow worker again tomorrow, and get more info about this; likely visit him next weekend to gte more info.


Reasons for starting this seperate limited liability company are tax issues, and things around employment contacs (just about a employees atm)



What could possibly go wrong?

At least you could have posted this **** thread in BFI.

edit:
Ah, I see, **** you.

I think waiting to let a mod move this to BFI by time, instead of double-posting, is the correct move now? Ah... I report the thread to be moved

Consult with an attorney that specializes in forming corporations and llc's. This has the making of a scam where you're out $12,500.

What state/country is this in? I think in California you can start an LLC for the princely sum of $800.

Ah,... I really overdid it with the namelessness. It's in Germany
I might add that I will definintely only do this, if he fronts all the money (or at least 75%+), while I get a contract for some fixed number in between 120-160 hours per month, cause swings of hours per month, due to demand, are often a bit higher or lower than that.

He knows that I am not stupid, and we know each other quite well. Also I already mentioned that I my intetion would normally be to invest in buying more _______, even if we sit on it for a while, but that I have always had a bad feeling when lending money, even if it went well, but if he is short I would also except _______, instead of money, for up to 2 months of my work, but just based on 20 hours per week.

Name your company. Put LLC the end of it. Easy game.

Please don't underestimate his or my mental capability. Thank you

You meant that I should google it, right?

1. Consult with lawyer
2. Consult with accountant

You'll be out $500 - $1000 but it's the smart thing to do.

Source: I have started LLCs

PS: Don't be a cheap dumbass

You are asking internet randoms questions about finance. You have no mental capability imo.

Not sure how things work in Germany, but over here I can't think of any tax or employment contract reasons to start an LLC. That's not what they're for.

And the obligatory 'this whole thing sounds like a farce that any sane person would have nothing to do with', of course.

Yeah I have no idea what tax or employment benefits could come with having an LLC as opposed to a sole proprietorship or something along those lines. An LLC's purpose is to limit the owner of a business from liabilities incurred by that business.

It also doesn't cost twelve ****ing thousand dollars to start.

You're getting scammed in some way or another.

^^ You are a german lawyer or sales-person, right? (rhetoric question)

I am not too stupid to read the German Commercial Code, or at least be awake during my occupational redeployment. It's a simple fact that you have to have 25k capital stock (and front 12.5k), okay?

I am neither uneducated, nor drooling after having taken a hit to my head or so, and despite the fact that most people in the internet, as well as in real life, are massive idiots and prove thta again and again, that still doesn't all of a sudden change me into a person who only googles everything, instead of asking other people about their opinion. Please excuse me for being a human being...
Though, given the quality and total lack of thought of most answers on here, I can definintely retrace why people don't like to have conversations on here, and instead use google, or forget about it and squeeze their noodle instead, or whatever...








Here is a pic of a cat, you stupid ****ing internet:

Pic of cat is first thing to make sense itt.

I agree

All you really need to know is that _____________.

I made a reply and then deleted it when I saw that you're from Germany. Nobody w/o knowledge of German business law should be commenting, there are likely very few on 2p2 who are qualified, and you really ought to pay for a legal consultation before you do anything.

I have read OP 3 times now and I still have no idea what you're asking people to help you with here.

cat pic tho

Cute cat, agreed. Extra credit for being German and not posting 'two girls, one cup.'

I sometimes drink a bit before posting, and I am overly impatient in anything that isn't poker. All I intended to ask for are things I will get to know myself within 1-3 weeks atomatically, before having to make decisions... And if that should not be the case, I would estimate if 500 bucks for a lawyer are worth it to check my options.
Thanks a lot for that advice, since I know a decent lawyer for this - just totally forgot about it - my old boss, who studied law with that focus, but I thought I could read up on it on my own, which may or may not be true, and didn't even think of him, in the first place. tytyty

I'll file the LLC for you for $12,500 plus $12,500 in ________.

______ all of you

Where are you from? Because the rules and policies change from place to place. I own a business in Ontario and for it's registration process was handled by an online incorporation. They did everything from trade name registration to establishing the company. If you are so unsure about the procedures in your place then you can also find an incorporation service and hand over the job to them.

^^ Thanks for trying to help me, but things have changed. (Germany)
I will just keep working 2 days/week there until May ends, and then most likely switch to a job for an express company. Suits my skills a lot better, and looks like a pretty safe job, with very decent perspective for mid and long term.