Inventory takeover - Sole proprietor to UG -
February 5, 2020 | 25,00 EUR | answered by Steuerberater Knut Christiansen
Hello,
I have been working as a sole trader (with small business regulation) in trade, specifically online trade, for several years. Now I am in the process of founding a UG and of course I want to bring my goods into the company. I will then deregister as a sole trader.
Now my question is, how do I do this?
Do I sell my goods to the UG at cost price as a sole trader? I do not have any other goods or assets as a sole trader. This means I would be bringing everything in.
What is the best way to handle this?
Best regards and thank you very much!
Good morning,
In principle, a contribution in kind (non-cash contribution) to the UG would also be possible. However, in practice, there are often problems with the valuation or proof of value, leading to a non-recognition by the competent local court where the UG is to be registered in the commercial register. Therefore, I would recommend, as you have already mentioned, selling the goods from the existing sole proprietorship to the UG at the purchase price.
I hope this answers your question, otherwise feel free to ask further questions at no cost.
Please note that this forum cannot replace on-site tax advice. Missing or incomplete information about the facts may change the legal outcome.
Best regards,
Knut Christiansen
Tax advisor
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