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Ask HN: Anyone raised capital directly into a German UG entity?

1 pointsby L_226almost 3 years ago

1 comment

L_226almost 3 years ago
Hi, I am looking at incorporating my startup using the German UG entity [0]. I currently do not have enough cash to form a full fledged GmbH (€25,000 + costs).<p>I am curious if anyone has raised outside VC into their UG company and what the process was like? Specifically I would like to know if you created a custom Musterprotokoll (articles of association) from the start, and&#x2F;or if you needed to alter these during the VC raising process.<p>Should I attempt to get some kind of pre-incorporation term sheet from potential investors, and just add them as shareholders immediately during incorporation?<p>Should I just make a Delaware C Corp?<p>I live in Berlin, my company is (will be) doing direct air carbon capture.<p>Feel free to email me directly, email is in profile.<p>Thanks!<p>[0] - <a href="https:&#x2F;&#x2F;www.ihk.de&#x2F;berlin&#x2F;english&#x2F;en&#x2F;s-987416&#x2F;starting-a-business-in-berlin&#x2F;ha-mb-gmbhs-and-ugs-with-limited-liability-4339898" rel="nofollow">https:&#x2F;&#x2F;www.ihk.de&#x2F;berlin&#x2F;english&#x2F;en&#x2F;s-987416&#x2F;starting-a-bus...</a>