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FORM A COMPANY

Support beyond the notary’s appointment. The Budapester coordinates company formation and the essential steps that follow.

Focus

GmbH and company formation

Locations

Germany and Europe

Support

Preparation, registration and beyond

Entry

75 minutes structure check

Form a company and build it correctly from the start

Summary

Starting a company means more than signing forms.

When you want to form a company, the legal form, notary and commercial register usually come to mind first. However, there is usually a much bigger goal behind it: making your own decisions, building a functioning business, earning profits through a company rather than solely as an individual, or giving an idea a viable business structure. This is where a simple registration differs from forming a company that will work in practice.

The Budapester therefore does not start with a form. He asks what the new company should do. Will it operate exclusively in Germany? Will customers, shareholders or employees be involved in several countries? Will a holding company be needed later? Will all profits be needed for personal use or should they remain in the company for new projects? Anyone who answers these questions before forming the company gains clarity, avoids unnecessary restructuring and can make decisions that still fit in a few years.

A company on paper or a working company?

A registered GmbH, UG, Kft, Ltd or other company is not yet a functioning company. The company needs a bank account, tax registration, the ability to issue invoices and proper bookkeeping. Its activities must be clear to banks, authorities and business partners. It is precisely this connection between start-up and actual operation that is often underestimated.

The Budapester knows these processes not only from checklists. 33 years of entrepreneurship and experience from more than 1,500 customer contacts shape his view. He has established, operated or supported German, Austrian, English and Hungarian companies, associations and his own EEIG. As a result, he recognizes questions that are often not asked at the notary’s appointment, but can later cost time, money and nerves.

What to clarify before forming a company

  • The actual business: What will be sold, where will the work take place, and which permits or supporting documents might be required?
  • Ownership and decisions: Who holds the shares, who runs the business and what happens in the event of disagreements?
  • Capital and liquidity: What is needed to form the company and how does the company remain solvent afterwards?
  • Future development: Are further shareholders, investments, subsidiaries or a later holding company already foreseeable?
  • Connections to each country: Where do the participants live and work, where are customers based and where are the key decisions made?

The benefit for the founder is immediate: Instead of being caught between conflicting opinions, the founder receives a clear sequence of steps. The Budapester brings the relevant people together, prepares the questions and ensures that the notary, lawyer, tax adviser, bank and bookkeeping team coordinate their work.

Company formation with practical support from The Budapester

READY TO FORM A COMPANY AND START OPERATING?

WHO IS
THIS FOR?

For founders who set up their first GmbH or UG. For entrepreneurs who already own a company and need another company or a new ownership structure. For foreign entrepreneurs who want to set up in Germany. And for German entrepreneurs whose business is European from the beginning.

33 JAHRE

Business practice

1500+

Customers and situations

6 LÄNDER

Trusted partners

1

Personal contact person

Forming a company in Germany, Austria, Switzerland, Liechtenstein, Hungary or England

Not every country makes sense for every project. A German GmbH can be the most straightforward solution for a German market. An Austrian or Swiss company can be appropriate if it genuinely operates and is managed there. Alongside companies, Liechtenstein offers Anstalten and foundations for specific objectives. A Hungarian Kft can be interesting for entrepreneurs with a genuine connection to Hungary. An English Ltd can fulfill a function in an international structure, but is not an automatic shortcut for entrepreneurs living in Germany.

The Budapester therefore does not promote a country as a ready-made solution. He checks with the entrepreneur which actual function the location should fulfill. Only then will the authorized specialist partners in the respective country be involved. For an operating company in Hungary, implementation can be handled through HUNCONSULT – Company Formation in Hungary and its local network.

Turning an intention into an organised company formation process

  1. Describe the objective: Activity, customers, stakeholders, countries and desired development are comprehensibly recorded.
  2. Narrow down the structure: One or more suitable legal forms and possible ownership arrangements are prepared for professional examination.
  3. Coordinate documents and appointments: Names, supporting documents, powers of attorney, translations, capital and the sequence of appointments are coordinated.
  4. Involve the right specialists: Notaries, lawyers and tax consultants check exactly the points for which they are responsible and authorized.
  5. Get the company ready to operate: Register, bank, tax registration, accounting and other necessary steps are coordinated.

Practice: as little travel as possible, as much preparation as possible

A Spanish entrepreneur needed a German company. The actual notarization was not the problem. The decisive factor was that he did not have to travel to Germany again for every power of attorney, request or signature. The Budapester prepared documents, responsibilities and dates in such a way that as many steps as possible could be bundled. The customer not only gained time. He knew before each trip what should happen and what documents were needed afterwards.

It is precisely this practical experience that creates security. First-time founders often do not know which question will arise next. The Budapester knows the procedures and considers the next step before it becomes an obstacle.

Common problems during company formation

  • The legal form is chosen because of a low entry price, although it does not fit the planned development.
  • Several shareholders do not sufficiently regulate shareholdings, decisions, exits and sales.
  • A later desired holding company is only considered after the operating company has already built up considerable value.
  • Foreign documents, powers of attorney or translations are prepared too late.
  • The company is registered, but cannot operate properly due to banking, tax or accounting issues.
  • The actual location of the management does not fit the foreign structure advertised on the Internet.

The Budapester does not promise that every company formation will proceed without queries. He ensures that queries do not become chaos and the entrepreneur retains a contact person who knows the entire process.

Day-to-day business begins after the notary’s appointment

The signature marks an important stage. Depending on the company, this is followed by capital payment, registration, tax registration, business registration, transparency register, bookkeeping, financial reporting and, if applicable, other industry or employer obligations. Some steps run in parallel, others build on each other. An incorrect order can unnecessarily delay the first invoice, business account or contract.

Misleading private registration letters can also arrive after registration. This is annoying, but not the most important part of the support. The greater added value lies in the fact that the founder knows which documents are actually required, who processes them and when the company is really ready for use.

When to consider a holding company at the formation stage

A holding company is not necessary for every founder. However, it should be reviewed at an early stage if several operational areas, subsequent investments, reinvestments, a possible sale of a company or a separation of different risks are planned. Anyone who already knows that more than one company will be needed should not start by forming a single company in isolation and consider the overall structure later.

More on this is on the page Building a holding company and structuring it internationally.

What the Budapester does

  • He translates the entrepreneurial intention into concrete questions and work steps.
  • He brings together suitable independent professional partners for the country and the task.
  • He coordinates documents, appointments, queries and steps after registration.
  • He remains available to the client if several participants work simultaneously.
  • He points out if a desired solution practically does not fit the life or business situation.

The Budapester is neither a lawyer nor a tax consultant. Individual legal and tax assessments are carried out by appropriately authorized specialists. His service means that the entrepreneur does not have to search for these specialists, bring them together and continuously bring them to the same level of information.

The first practical step

During the 75-minute Structure Check the aim is not to rush into selling you a company. The Budapester reviews the business activities, people involved, countries, capital, existing companies and intended development. After that, the entrepreneur knows which variants should be examined in more detail, which documents are needed and which questions must be answered before a start-up.

This creates the feeling that entrepreneurs need before an important decision: not to blindly follow a model, but to understand their own path. The Budapester Method shows how the initial situation leads to a workable implementation.

Frequently asked questions

Which legal form suits a new company?

The appropriate legal form depends on activity, liability risk, capital, participants, countries and the planned development. The Budapester arranges this starting point so that legal and tax experts can examine not abstractly, but on the basis of the actual project. Thus, the entrepreneur receives a company that fits his business even after registration.

Does The Budapester also support the formation of a German GmbH?

Yes. The Budapester coordinates the preparation for forming the GmbH, finding a notary, documents, appointments and inquiries. His support does not end at the notary appointment: Register, account, tax registration, accounting and the organizational steps up to the operational company are also arranged.

Can a foreign entrepreneur set up in Germany?

In principle, foreign persons or companies can be involved in a German company. Depending on the case, proof of identity, powers of attorney, translations and residence, business and tax issues become relevant. The Budapester prepares these points at an early stage in order to reduce avoidable trips, cancelled appointments and requests for additional documents.

What happens after the notary’s appointment?

Depending on the company, the notary appointment is followed by capital payment, commercial register, tax registration, business registration, transparency register, bank and accounting. Only when these steps fit together will the registered company become a working company. The Budapester holds parties, documents and order together.

Should a holding company be co-founded immediately?

Not every new company needs a holding company immediately. However, if further companies, holdings, reinvestments, risk separation, succession or a subsequent sale are planned, the holding arrangement should be assessed before forming the operating company. An early decision can avoid later share transfers and unnecessary remodeling.

Is the initial Structure Check free?

No. The 75-minute Structure Check costs €490 excluding VAT. The entrepreneur receives an orderly assessment of his starting position, the variants to be examined and the next steps. If we subsequently work together, €250 will be credited towards the fixed project fee.

Form a company and build it correctly from the start
Form a company and build it correctly from the start
Company formation with practical support from The Budapester

FORMATION
COORDINATE
IMPLEMENT
THINK AHEAD

Company formation with practical support from The Budapester
Form a company and build it correctly from the start
Form a company and build it correctly from the start