Model Protocol
Definition
Basic Definition
The Model Protocol is a standardized form for simplified GmbH (limited liability company) formation, which combines articles of association, appointment of managing directors, and shareholder list. It allows for lower notary costs and a faster formation process with a maximum of three shareholders and one managing director.
Detailed Explanation
The Model Protocol is a standardized form for GmbH formation, introduced with the MoMiG (Act for the Modernization of GmbH Law), combining articles of association, appointment of managing directors, and shareholder list in one document. Founders benefit from significantly lower notary costs and an accelerated formation process, as the Model Protocol simplifies formalities and allows for minimal customization. Requirement: a maximum of three shareholders and one managing director. In the commercial registry, the submitted Model Protocol is considered a full-fledged articles of association according to GmbHG, enabling the GmbH to quickly become operational. However, if later amendments to the articles or the addition of further shareholders are necessary, a regular, individually drafted articles of association must be adopted, requiring a notary again. The Model Protocol is therefore ideal for straightforward formation cases, start-ups, and sole entrepreneurs who quickly need a limited liability company form.
Back to Glossary
Share: