Starting a Business: Your Path to Self-Employment

The required startup capital depends on the type of business. Some business ideas can be realized with just a few hundred euros, while larger ventures may require tens of thousands. Typical costs include business registration, equipment, marketing, and potential rental expenses. Funding programs or loans, such as those from KfW, can help secure financing.

Entrepreneurs can access various funding programs, including KfW loans, government grants such as the startup grant from the Employment Agency, and regional subsidies. Tax benefits and discounted consulting services may also provide support.

Key requirements include a well-thought-out business idea, a business plan, and any necessary qualifications or permits. Additionally, you should choose the right legal structure and register your business with the tax office and, if applicable, the trade office.

The choice of legal structure depends on liability, tax considerations, and business setup. Sole proprietorships and partnerships (GbR) are easy to establish, while limited liability companies (GmbH or UG) require more administration but offer greater liability protection. A tax consultant can help determine the best option.