What types of business are there?
In Germany there are various types of business for which different criteria apply. For every company, there is a suitable company name, which fulfills special purposes. However, there are a few points to consider when making your selection.
General information on the types of business
- There are three different categories of general trades. This includes the free trade, the regulated trade and the new self-employed.
- For the free trade, only a certificate of proficiency is required. You do not need a trade license. The exercise begins here immediately after the business registration.
- The regulated trades mostly relate to sub-trades or the craft. A trade license is required for this type of trade. In addition, exact evidence must be provided. For craftsmen, for example, a master craftsman's certificate is necessary.
- The new self-employed sector is fresh and malleable. The paths can diverge widely here. The "newcomer" should first find out exactly what he needs to start his own business. In addition, he can find out what options are available from the responsible employment agency.
- In general, you should clarify in advance what requirements exist in the current market situation. Commercial trainees can clarify financial questions with the tax office or a tax advisor.
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Which company names are there - worth knowing
- After the question of what types of business are available, traders have to consider what is the right one for a company name with what legal form.
- A distinction is made between partnerships, corporations and mixed forms. There are sole proprietorships, civil law companies, general partnerships, Limited partnerships, limited liability companies, public companies and some Mixed forms.
- Some company names require a certain amount of capital. This must be available. It is therefore important to consider and prepare well in advance when setting up a company.
Which types of business can be combined with which company names depends entirely on financial, organizational and product-specific characteristics in the individual case.
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