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Found 7 results

  1. Hi all,   I've recently started a small fashion brand that I'm running from home. I've gotten most of it set up and I am not making any revenue so far.   I've registered the business under my name (hopefully soon enough I'll be changing to a limited liability entity) and, as I'm obviously operating from home, I put that as my address.   My question is how can I change this? Since I realized that that's the address customer will be sending stuff to and, also, the address that appears on the Impressum/legal disclaimer. I never thought about it but it probably isn't the best idea for everyone online to know where I live. Is there a way for me to change the business address on the Impressum and the address people can deliver stuff to on my website? I'm thinking of registering a P.O. Box, though I am unsure of a couple of things:   1) Should I register this as a business one? What are the ramifications of this other than being able to put the fictitious name rather than mine? 2) Can I change my Impressum to have the PO box instead of my home address? 3) Is there anything else I should take into consideration when using one of these? I'd greatly appreciate any and all help! Thanks!
  2. Where to get your logo/website done?

    Dear friends,   I want a new logo and a website for my freelance work. But as the saying goes "the cobbler's children have no shoes", I need someone to do it for me. Only thing is that, it should be tax deductible, of course. So I need an inoice at the end.   I found this website "99designs". Did anyone tried it yet? There are many graphic designers that make designs for you, would be nice to get different designs from different designers. There are many sites similar to it, but I dont know which one to use. Is there anyone with a first hand experience?   Are there any other websites I can use you know of?   Would be happy if you share your knowledge  Thank you!
  3. Hi, I’m just trying to set up a small sock making business. I have all the ideas to make it unique and different. I’m just in major need of somehow turning my ideas into reality. So here I am reaching out to the community to see if anyone can advise me on a Fairtrade, ethically correct company which will help turn my ideas into a reality and a physical final product.   Many Thanks,
  4. Hi All,    I have a question about tax implications.   If a person (on Blue Card) is employed full time and wants to start a business on the side,  what are the main tax implications.    The business is not expected to generate much income in the first few years.  The first year will have setup costs (for creation of product) --> read as business loss.  It will be a one person company.    What is the recommended business registration for this setup.    Will having a business impact the taxation on employment income . I understand if the overall income is higher, the employment income tax rate will change.  However, I am trying to determine if there will be other tax implications.    Can the business startup expenses be deducted,  against the employment income.    Example: Year 1 employment salary: 30k euros Year 1 business net loss: 10k euros    Year 2 employment salary: 30k euros year 1 business net profit: 5k euros   all help on this topic is greatly appreciated.  Regards,  Ghazi     
  5.   Hi everyone,   I’ve got quite a specific situation here, but please feel free to merge topics if it’s been covered before.   I’m located in Berlin, married and have the Tax category 5 (husband is 3). I also have permanent residency (he’s German) and unrestricted work activity/permit. We’re both privately insured. Currently I’m not employed but starting with a couple of projects/places soon and hence the questions, as I’d like to figure out what would be the best course of action for me.   I’m looking at doing marketing & /writing for Company A, who is willing to engage me for 20 hours a week. They are quite flexible and have said they can look into employing me OR working with me as a freelancer. As this is part time and I’m privately insured, I’m under the impression that if I were an employee, my net earnings would be complete pittance - after everything is subtracted.    Would it make more sense to register as a freelancer? (and yes, I’d have to figure out whether it’s freiberuflich or selbststandig too). Or would these earnings be about on par, whether employed or freelance?   If I register freelance, my understanding is I’d have to show projects from more than one client, which I could, as I’m also planning on contributing to a friend’s communication’s agency back in London. This is also quite a small possible income, so I need to figure out how to best proceed.    I could also just start as a part-time employee with Company A and treat any other side project as freelance work.    Any advice would be greatly appreciated! Thank you
  6. Starting a company (in Munich)

    Below is a battery of questions, some of which extremely broad, but I want to get an aerial view of how a software company is founded in Germany (in Bayern, Munich):   1. What is the difference between a GmbH (that requires an amount of 25000 EUR of shared capital to open) and a "mini" GmbH that requires a substantially smaller capital? After some research:    https://www.toytowngermany.com/forum/topic/178546-starting-a-gmbh-company/ https://www.toytowngermany.com/forum/topic/356555-starting-new-company-in-germany/ https://www.toytowngermany.com/forum/topic/360525-setting-up-a-company/ https://www.toytowngermany.com/forum/topic/380487-starting-a-company-with-niederlassungserlaubnis-and-erwerbst%C3%A4tigkeit-gestattet/ https://www.firma.de/en/?gclid=CjwKCAjw2cTmBRAVEiwA8YMgzZJdGgbvT6Xrs1vZq15IBiiXdI9RlTO6QNkcKXyl6yOu8fIVhY1HQxoCEWYQAvD_BwE   the best options, in my case, seem to be "UG formation" and "Sole proprietorship". My company will be mostly focusing on apps (mainly for android) and perhaps a web portal that will allow for cryptocurrency exchange. Are these the right options, for an investment capital of ~30000 EUR? I'm currently the only employee and am using my own capital for investment. In the second link above, there was a mention about lawsuits being filed in the event of bankruptcy by investors. To what extent am I liable if I don't have any investors/business partners?    2. Where can I find a tax lawyer (Steuerberater) (might be wrong on the term) that is able to comprehensively answer questions related to taxation plans, penalties, how taxes vary depending on income (generally the higher the income, the higher the taxes), etc.? 3. What are some common hourly rates a tax lawyer might charge? 4. Is there a difference, in terms of taxation, between a freelancer and someone who works at their own company (and is, incidentally, is the only employee)?   5. Can my current residence (home) be used as the company's headquarters?  6. What exactly are the extra costs in taxation incurred by having a company?  7. How and where do you file for bankruptcy?  8. If all's well, how will taxes vary if the company takes of (and is making millions per month)? 9. What are the costs of lawyering up? There is a practice or rather, a "business model" in the states, of entities to drag businesses into trials and get them to pay penalties as well as the costs of the trials themselves. For example, a cryptocurrency exchange platform does not patent the algorithms used to, say, predict currency values. A malicious entity ("company") could then create a (fictional) patent and then, sue the company for not paying them loyalties.  How can this be avoided? 10. How are taxes being applied to apps on google play in Germany? 11. How do they change if the app is to be downloaded internationally? 12. Can the same bank account my employer is currently paying my salary into, be used for payments from google play, or the currency exchange platform?  13. I know that there are certain limits of the amount a bank account can hold as well as transaction upper bounds (20000 EUR on a "normal" account at Deutsche Bank). I have very little expertise, but are there accounts at db that can be opened by a person or commercial entity and allow for transactions with higher bounds (e.g. in the order of millions)?    14. Is it better (in terms of cost effectiveness, ease) to delegate accountancy and legal issues to a third party in the early stages of the company? 15. What documents should I have ready for tax audits? How frequent are these audits and what is the process of an actual audit? 16. When the company expands and needs new hires, how will their taxes be deducted? If they make more than 52200 EUR ("https://www.toytowngermany.com/wiki/Health_insurance") will they be in position of doing their own taxes or will still rely on their employer to handle taxes?  17. When the annual income exceeds 52200 EUR ("https://www.toytowngermany.com/wiki/Health_insurance") do private taxes automatically become mandatory? or an employee can still use their public health insurance scheme?  18. How does German citizenship affect, if at all, taxation? 19. How does taxation apply to new hires within the E.U. as well as outside of Europe? (I'm planning to outsource some of the work to Eastern Europe/Southeast Asia). 20. What is the process of selling or acquiring a company?  21. How are shares sold? and what taxation applies to them? 22. If there is one or more investor that, cumulatively, have less than half of the company in what way(s) are they able to influnence investments plan, and the general progress of the company? 23. What are some meetups that are pertinent to business, startups and taxes?  23. What are some other venues of getting to know more on business, in person, in Munich?    24. What is the process of meeting up with a tax lawyer? Do they answer particular questions or provide a set of common steps one should take in paying taxes? 25. Are there any "hidden" taxes that one should be aware of (currently I have experience only as an employee and not an employer)?  
  7. Hello, in 2017 I found an UG company (as kleinunternehmer) for a possible freelancing opportunities but then I found a full time job before I do any activities on this UG. I learned at that time that I must hire a tax advisor to fill the yearly tax declaration and I'm not allowed to do it by myself. And since then I'm with FreeFibu and paying around 78EUR per month (there is zero activities on this UG company). However, I learned recently, that if I the UG was registered as a (kleinunternehmer) then I am allowed to fill tax declaration by myself (Through Elster) since there is no activities. So, I would like to know if I'm allowed to do it myself or it shall be done only through a tax advisor. Thanks in advance.