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The checklist for founders: 15 steps to your own company, Part III

Step by step to your company: The path to self-employment does not always seem easy. Formal, legal and personal issues are often unresolved.

Not sure which legal form suits your company? Or which administrative procedures are necessary?

Here follows part III of our series. You can find part I here and part II here.

After the company was founded

To ensure that your company is successful in the long term, you should follow a few steps after setting up. You should also think about risk provision for yourself and your employees.

Risk provisioning in the company: Insurances

There are a number of insurance policies you can take out to protect yourself and your employees as well as possible. Below you will find a list of the most important insurances:

  1. Business insurance (business and/or professional liability, business contents insurance)
  2. Health and long-term care insurance (statutory or private)
  3. Pension insurance (statutory or private)
  4. Social security funds (e.g. construction, painters and varnishers, artists’ social security fund, etc.)
  5. Statutory accident insurance in the employers’ liability insurance association
  6. Unemployment insurance
  7. Occupational disability insurance
  8. Financial loss insurance (D&O insurance)

Recruitment of employees and further training

If you hire employees, the company must apply for a company number from the Federal Employment Agency. The company must also be registered with the health insurance and employers’ liability insurance association. It also makes sense to take and offer further training in accounting, controlling and business administration.

Final check

Here you will find an overview of all the necessary steps for your successful and legally compliant start-up:

  1. Your business idea and planning
  2. Your business plan and financing
  3. Full-time or part-time start-up
  4. Enquiry at the IHK
  5. Authorisation or other bureaucratic requirements
  6. Registration with the tax office
  7. Finding a name for your company
  8. The legal form
  9. The visit to the notary
  10. Preparation of articles of association and list of shareholders
  11. The appointment of the managing director
  12. Payment of the share capital
  13. Risk provisioning in the company: Insurances
  14. Recruitment of employees and further training


Once you have founded your company, there are a few points that will help you to lead your company sustainably and successfully into the future. You should ensure that you and your employees are adequately protected. In addition, it is always an advantage for the company and personal development to train and educate yourself and your employees sufficiently. Digitale Gründung supports you and your company in taking all measures to start a successful and secure business management after the foundation.

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