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I shut down my personal UG (small gmbh) and it was very painless. If you can prove that there are is no outstanding assets or debt, for example when you’re the only owner and did your books (Bilanz) correct, you can file for “deletion” (sofortige Löschung) of the corp, and not go through the liquidation process.

It involves setting your balance sheets to 0 (careful here, if it goes under 0 you are bankrupt and have to file for insolvency), proof through your bookkeeping that the company has no assets and no debt, submitting to the court and wait a couple days until the court signed off on it. Then the corp is gone.



Thanks. Is the reason there is no 12 month notice period that there no longer are any assets for potential creditors?

It seems it would be very hard to set the balance sheets to exactly 0? What about prepaid taxes etc?




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