Can business in Germany change it’s legal entity type?
Indeed, a company operating in Germany has the option to alter its legal entity. This process includes various steps such as seeking advice from experts, establishing a new entity, transferring assets and operations, dissolving the previous entity, and informing stakeholders. The exact process may differ based on the existing and preferred business structures and regulations. It is essential to seek professional guidance and ensure that all steps are executed accurately to prevent any major legal or financial repercussions.