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| That's 10K out of my pocket...
I take it the 5K total you mention doesn't take into consideration the 10K you have to outlay initially as it is not classified as an expense, correct?
In one of the other threads it was mentioned that you could use your car (value > 10K) as the basis for opening a GmbH. Does this replace the need for the locked account?
By the way - great introduction. I'm really looking forward to reading more in part II. 
Charday | |
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The 10K is indeed out of your pocket. Wrong, the 5K total is an expense and is deducted from the 10K
A car is a so called example of sacheinlagen and they do indeed replace the need to place hard cash on the table but then again how are you going to pay the 5K bill
Part II coming soon...