Business, tax and funding
UG
Abbreviation for Unternehmergesellschaft (haftungsbeschränkt)
In short and in plain language
The UG is a special form of German limited company.
It can be set up with very little share capital.
As with other limited firms, the risk is usually kept to what the firm owns.
The legal notice usually names the legal form and its added words. It also names the person who acts for the firm.
Definition
The UG is a special form of the German limited liability company that can be founded with very little share capital. As with a GmbH, liability is generally limited to the company's assets. In the legal notice of a UG, the legal form with its suffix and the authorised representative are usually stated.