The Unternehmergesellschaft (haftungsbeschränkt), or UG (haftungsbeschränkt), is a variant of the GmbH. It may be formed with nominal capital below the standard GmbH minimum.
Meaning and context
The complete legal form designation is required. Formation capital must be paid in full, and contributions in kind are excluded at formation. Low nominal capital alone does not reveal current business performance.
What the documents show
The law requires a reserve from part of annual profit after deducting a loss carried forward. Successful trading or accumulation of reserves does not automatically change the registered name to GmbH.
Research tip
Check the name, registered capital and representation in the extract. Use the shareholder list to research holdings and accounting documents to examine economic development.