Simple taxation, as the income from the

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vary depending on the type of company. Tax burden : Consider which legal form is associated with which tax obligations in the catering industry . What legal forms are there for the catering industry? An overview There are various legal forms suitable for the catering industry, each with specific advantages and disadvantages. These are presented in detail in the following overview. sole proprietorship The sole proprietorship is the simplest and most direct way of starting a business and is ideal if you, as an individual, want to open a café , bar or restaurant , for example . It requires only minimal bureaucratic new zealand phone data formalities and is therefore particularly attractive if you want to get started quickly and easily. Advantages: No formal start-up costs or complex registration procedures. As an owner, you have complete freedom to make decisions about all aspects of the business, including profit distribution and company management.

company counts directly as your personal income. Disadvantages: Personal unlimited liability, i.e. as the owner you are liable with your entire personal assets for the debts and liabilities of your business. Raising capital for sole proprietorships without sufficient collateral tends to be more difficult than for other legal forms. partnerships (OHG, KG, GbR) Partnerships are a popular form of legal structure in the catering industry, especially when two or more people join forces to run a catering business together. Partnerships are based on the idea of ​​a partnership in which all partners run the business together and share responsibility. The most well-known types of partnerships in Germany are the general partnership (OHG), the limited partnership (KG) and the civil law partnership (GbR). general partnership (OHG) A general partnership is a company in which all partners are jointly and severally liable with their entire private assets . This means that each partner must also be responsible for the company's liabilities with his or her private assets. Since this can result in a considerable financial risk, it requires a high level of trust between the partners.

Advantages: No minimum capital requirements Direct and uncomplicated decision-making, as all shareholders are involved in the management. Potentially higher creditworthiness with banks and suppliers as personal liability serves as security. Disadvantages: Unlimited and joint liability increases the financial risk for the shareholders. Potential conflicts can be more serious because all partners have equal rights. limited partnership (KG) A KG is structured similarly to a