Share:

News / Blog

GmbH vs. UG (limited liability company) - advantages and disadvantages

09/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Both the GmbH (limited liability company) and the UG (limited liability company) are legal forms in Germany, each of which has its own pros and cons. The choice between these two depends on the individual needs, goals and circumstances of the company. Here are some of the key pros and cons of both legal forms:

Advantages and disadvantages of a GmbH:

Advantages:

Higher seriousness: A GmbH is often perceived as more serious and established, which can build trust with customers and business partners.

Higher financing options: Due to the higher share capital, GmbHs can often take out loans or attract investments more easily.

Limited Liability: The personal liability of shareholders is limited to their contributions, providing protection for personal property.

Long-term perspective: The GmbH can be a stable legal form for companies that are to exist in the long term.

Additional Opportunities: It's easier to add shareholders or sell shares to increase capital.

Cons:

Higher start-up costs: The start-up costs and the minimum share capital for a GmbH are higher than for a UG.

Higher running costs: The running costs and administrative requirements of a GmbH can be higher.

Tax burden: GmbHs may be subject to higher taxes, especially if profits are not reinvested.

Less flexibility in share capital: The amount of share capital in a GmbH is fixed and cannot be built up step by step.

Advantages and disadvantages of a UG (limited liability):

Advantages:

Lower formation costs: Forming a UG requires less seed capital compared to a GmbH.

Faster founding: The founding of a UG can be completed faster.

Entry opportunity: The UG enables entrepreneurs with limited capital to still set up a company.

Flexible share capital: The UG allows the share capital to be built up step by step.

Cons:

Less seriousness: The UG is sometimes seen as less serious because the minimum share capital is lower.

Limited Financing Capabilities: Limiting share capital may limit the ability to

borrow or attract investment.

Limited Protection of Personal Property: Although liability is limited, there is still a risk that personal property may be affected in a liability case.

Conversion to GmbH: As a UG grows and accumulates more capital, it may need to be converted to a GmbH, which may incur additional costs.

The choice between a GmbH and a UG depends on many factors, including the company's financial situation, business goals, liability considerations and long-term plans. It is recommended that you seek professional legal and tax advice in order to make the best decision for your unique situation.

Like (0)
Comment

What does a web designer earn?

09/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A web designer's salary can vary widely depending on experience, specialty, location, industry, and individual factors. Web designers are professionals who design and build websites, often combining skills in graphic design, user experience (UX), and web development. Here are rough benchmarks for web designer salaries in different regions:

Europe:

Entry or junior web designer: €25,000 - €40,000 per year

Experienced web designer: €40,000 - €60,000 per year

Senior web designer or subject matter expert: €60,000 and up per year

USA:

Entry or junior web designer: $40,000 - $60,000 per year

Experienced web designer: $60,000 - $80,000 per year

Senior web designer or subject matter expert: $80,000 and up per year

These estimates are general guidelines and may vary depending on specialization (e.g., UI/UX design, graphic design, front-end development), skills, and portfolio. Salary may also depend on the size of the company, location (big city vs. rural area), and industry.

Many web designers also work freelance or on a project basis, which further affects earning potential. Some web designers may also earn additional income from designing logos, business cards, marketing materials, and other graphic design services.

To get accurate and up-to-date information about web designer salaries in your region and industry, I recommend consulting trusted salary surveys, job portals, or professional associations.

Like (0)
Comment

Which legal aspects have to be considered in PR?

09/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When it comes to public relations (PR), there are several legal aspects that should be considered to avoid conflicts and comply with legal requirements. Here are some important points:

Truth and Accuracy: PR materials, press releases and statements must be truthful, accurate and not misleading. False statements or misleading information can lead to legal problems, such as lawsuits for defamation or misleading statements.

Copyright: It is important to respect copyright and not use copyrighted materials (text, images, music, etc.) without the necessary rights. Make sure you have the necessary licenses or permissions to use third-party content.

Privacy: You must comply with data protection laws when doing PR work. Make sure that you process and store personal data (such as names, contact details, etc.) only with the consent of the people concerned. Inform people of the purpose of the data collection and ensure that appropriate safeguards are in place to protect the data.

Slander and defamation of character: Avoid making false or defamatory statements about people, companies or products. Defamation can lead to lawsuits. Make sure your PR statements are fair and factual and do not contain improper claims.

Trademark Law: do not use trademarked brand names, logos or marks without proper permission. Avoid confusion with other brands and make sure your PR materials do not appear to be from another company.

Imprint requirements: be aware of imprint requirements when publishing PR materials online. In many countries, commercial websites and online content must contain an imprint that includes information about the identity of the person responsible.

Rights in your own image: If you use photos or videos of people in your PR, make sure you have the consent of the people pictured. Note that there are also legal restrictions when using images of celebrities or public figures.

It is advisable to consult with legal counsel or an attorney when dealing with legal issues to ensure you are complying with all relevant laws and regulations.

Like (0)
Comment

Hourly rates in public relations

09/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Experienced PR Reps: $80 - $120 per hour

PR Managers or Subject Matter Experts: $120+ per hour

These estimates are general guidelines and may vary depending on the type of service (media relations, crisis communications, event planning, etc.) and the specific task.

Since public relations is diverse, it is important to research current market data and prices in your region and industry. Your own experience, expertise and the added value you can offer customers should be taken into account when pricing. The competitive landscape and customers' willingness to pay are also important factors.

Like (0)
Comment

Press Release Distribution Tool & Media Contacts for your success

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

An often-used tool by companies and PR professionals for distributing press releases and managing media contacts is called a "PR distribution service" or "PR software". Such tools assist in sending press releases to a wide range of media, journalists, and editorial teams, while organizing the entire PR process. Here are some popular options:

1. PR Newswire: This is one of the most well-known PR distribution services. It enables the distribution of press releases to a large number of media contacts and news agencies worldwide. They also provide analytics features to measure the success of your releases.

2. Business Wire: Similar to PR Newswire, Business Wire offers global distribution of press releases and media contact management. They also provide services like multimedia integration to include images, videos, and more in your releases.

3. Cision: Cision offers a comprehensive PR and media management platform. In addition to press release distribution, it facilitates media contact management, media monitoring, and result analysis.

4. PRWeb: PRWeb is a more cost-effective option for press release distribution. They offer different service packages to cater to the needs of various companies.

5. Meltwater: Meltwater offers not only press release distribution but also tools for media monitoring, social media analysis, and competitive research.

6. Prezly: Prezly serves as a PR platform focused on relationship management. It allows for the management of media contacts, creation of interactive press releases, and maintaining contact with journalists.

7. Mynewsdesk: Mynewsdesk is a PR platform that facilitates distribution, monitoring, and analysis of PR content. It also eases engagement with relevant media contacts.

Prior to selecting a tool, consider your specific requirements and budget considerations. It's also important to recognize that the success of your press releases depends not only on the choice of tool but also on the quality of the releases, their relevance to the target audience, and the relationships with media contacts.

Like (0)
Comment

Our offer to you:

Media & PR Database 2024

Only for a short time at a special price: The media and PR database with 2024 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: