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Glossary · Formation and notary

Model protocol (Musterprotokoll)

Also: Musterprotokoll, sample protocol, standard articles

In short

The model protocol is a statutory form for the simplified formation of a GmbH or UG with no more than three shareholders and one managing director. It combines the articles of association, appointment of the managing director and list of shareholders and reduces notary costs.

Model protocol (Musterprotokoll) explained

The model protocol is also notarised, in person or by video. Provisions deviating from the statute are not permitted (Sec. 2 (1a) sentence 3 GmbHG), so there are no rules on exit, compensation, pre-emption rights or voting rights. It is usually sufficient for a solo formation with a simple structure. If you are forming as two or three, individual articles of association are often the better route, because they regulate what applies in a dispute. With the model protocol, the company only bears formation costs up to €300, at most up to the amount of its share capital; the shareholders bear the rest. At Recht 24/7, both variants cost the same.

Legal basisSec. 2 (1a) GmbHG with Annex 1

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Related terms

Articles of association (Gesellschaftsvertrag)The articles of association (or partnership agreement) are the contractual basis of a company and set out, for example, its name, registered office, purpose, capital and the rights of the shareholders; for a GmbH they are also called the Satzung. For a GmbH and UG they must be notarised; for a GbR no particular form is required.GmbH (limited liability company)The GmbH is a corporation and legal entity formed by one or more persons with at least €25,000 share capital. As soon as it is entered in the commercial register, in principle only the company's assets are liable for its debts.Share capital (Stammkapital)The share capital is the capital of a GmbH or UG specified in the articles of association; for a GmbH it is at least €25,000, for a UG less, mathematically from €1. For a GmbH, at least €12,500 must be paid in for the application; for a UG, the full amount.Company name (Firma)In the legal sense, the "Firma" is the name under which a merchant conducts business and signs. It must be distinctive, must not be misleading and must contain the legal form suffix.Corporate purpose (Unternehmensgegenstand)The corporate purpose describes in the articles of association what the company does. It is part of the mandatory content of the articles of association of a GmbH or UG and is entered in the commercial register.GmbH in formation (Vor-GmbH)Between notarisation and entry in the commercial register, the GmbH exists as a pre-company (Vor-GmbH) and trades with the suffix "i. G." (in formation). Anyone who acts in its name during this phase is personally and jointly liable.

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