Business Management

Hero Icon

How to close a business in Germany: A guide for the self-employed

Contents When life gets in the way of business Permanent closure vs. taking a hiatus Liquidation vs. dissolution Winding up a Gewerbetreibender or Freiberufler business Tax advantages of selling a business  Avoiding tax pitfalls Want to know more?  Introduction There are many reasons for closing down a business: You can’t find a suitable successor, you …

Read more

Are you self-employed but also have a side job in Germany? This is what you should know about health insurance

Contents The difficulties of classification  What points to full-time self-employment? Who qualifies as full-time self-employed? Full-time self-employed with a part-time job  Full-time self-employment & mini jobs Want to know more?   Classification for compulsory insurance is often difficult For a long time, Krankenkassen considered the non-self-employed activity of the self-employed as their main activity. But, …

Read more

Employee rights & obligations: German labour law explained in plain English

Contents Rights, primary & secondary obligations of the employee The legal basis of the employment relationship How is an employee defined in Germany? Rights & obligations in the employment contract Breaches of duty Want to know more?    Rights, primary & secondary obligations of the employee Employment contracts set out the obligations of each party …

Read more

Arbeitsvertrag: What employment contracts need to contain in Germany

Contents: Purpose of an employment contract Drafting employment contracts Mandatory content per the Verification Act Key clauses of a German employment contract Contract duration Job description Right to transfer  Working hours Remuneration Notice period Incapacity for work  Secondary employment Confidentiality Cut-off period Non-compete clause Severability clause Create an employment contract for part-time work Prohibited clauses …

Read more

Loans in Germany: The legal stuff you should know

Contents What is a loan agreement according to German law? Kredit (credit) vs. Darlehen (loan) What should be in a loan agreement? Maximum loan amount Acknowledgement of debt, guarantees & transfer of ownership What is a loan-in-kind contract? Loan agreement sample Would you like to know more?  What is a loan agreement according to German …

Read more

Pflichtversicherung: Which insurance is compulsory for businesses in Germany?

Contents Compulsory insurance for businesses Which professions need compulsory insurance? Compulsory insurance is only part of the picture Get protected even if it’s not compulsory Professional liability insurance Would you like to know more?    Compulsory insurance for the self-employed & Freiberufler In certain professions, the risk of damage is particularly high. Because of this …

Read more