Thanks for the inspiring story. I’m guessing that the 25K€ probably referrers to a GmbH in Germany :)
If so, would you say the GmbH/UG (Limited Liability Company) route is a good idea from the start for a solo founder of a bootstrapped SaaS?
I’ve been doing my research and maybe I’m wrong, but it seems like it has quite a lot of overhead for a first time solo founder like myself.
To clarify, I’m an expat in Germany, but I’ve even looked into setting up an LLC in the US or another limited entity because they appear more lightweight to operate than their counterparts in Germany. But then I end up in a complicated international tax situation.
I’m not seeking legal advice, just wondering if you have any tips now that you’ve gone that path several times successfully.
If so, would you say the GmbH/UG (Limited Liability Company) route is a good idea from the start for a solo founder of a bootstrapped SaaS?
I’ve been doing my research and maybe I’m wrong, but it seems like it has quite a lot of overhead for a first time solo founder like myself.
To clarify, I’m an expat in Germany, but I’ve even looked into setting up an LLC in the US or another limited entity because they appear more lightweight to operate than their counterparts in Germany. But then I end up in a complicated international tax situation.
I’m not seeking legal advice, just wondering if you have any tips now that you’ve gone that path several times successfully.
Cheers!