Optimizing taxes: Conversion of a sole proprietorship into a GmbH To save on taxes, a sole proprietorship can be converted into a limited liability company (GmbH). This is possible for up to 8 months retroactively and tax-neutral. This article explains the advantages and disadvantages of a GmbH and the conversion of a sole proprietorship into a GmbH. Background Entrepreneur A […]
For sole proprietors, it often makes sense to set up a holding structure to save taxes in the long term and to use the available cash flow from tax savings for further growth. This article explains the advantages, disadvantages and implementation of a holding structure based on a practical example. Advantages and disadvantages of a holding structure Before we dive […]
Background The United Kingdom (UK) withdrew from the European Union (EU) on February 1, 2020, with a transition period during which EU law generally continues to apply within and in relation to the UK. The transition period set forth in the Withdrawal Agreement ends on December 31, 2020. Consequently, as of January 1, 2021, the United Kingdom is a “third […]
