The start-up phase involves many things, particularly the choice of the right legal form, tax aspects, the choice of location, the setting up of a payment transaction account and the financing mix.
The choice of the legal form for your company has an impact on your liability, among other things. Please note the trade law regulations, tax conditions and the handling of the social insurance for the respective legal form. For these issues, it is advisable to make use of a tax or legal advisory service.
You have to report the commencement of self-employment, the establishment of a company or the purchase of a company to the responsible tax office. The tax office will assign you a tax number.
Depending on the activity, there are statutory requirements for a trade registration.
Business premises permit
You may require a business premises permit to carry out a commercial activity at a certain location.
Registration for social insurance
In most cases, the mandatory registration for social insurance is done automatically by the district administrative authority or by the responsible chamber; nevertheless, you also have to register yourself with the social insurance institution.
If you employ staff, you will have to comply with some statutory regulations. You will find them, among others, in the respective collective agreement. With regard to the calculation of the wage costs, the rule of thumb is as follows: Gross monthly wage x 14 (payments a year) x 1.345 (average contributions for the employer) = annual wage costs for the company.