Choosing the right legal form – two-person partnership – which legal form is best suited for a two-person partnership?
Question: I am a tailor and I would like to set up my own business. I was thinking that it would be reasonable to share a studio with a partner in order to halve the costs for rent, machines etc. How could I set up such a partnership? Were do I find more informations on this subject?
Answer: In this case, the best thing you can start with is a sole proprietorship: That’s the simplest solution for the beginning. At best, your partner sets up a sole proprietorship as well. In this way, you both remain (at least legally) independent. With this solution you both would have to keep your own accounts.
Another option would be to set up a general partnership (Kollektivgesellschaft). However, in this case you would be liable for your partner’s debts as well. You could want to consider this option if you have known your partner for a long time and you trust him. In this case, you would have to keep joint accounts.
If you dispose of at least CHF 20’000, it would be very wise to consider establishing a limited liability company (GmbH), as you would thus avoid personal liability. In this case, double entry bookkeeping would be necessary (it is most suitable to assign this task to a qualified fiduciary).
The best thing to do is to make a call at your nearest STARTUPS.CH consultant’s office. In that occasion, you will be able to ask any question you might have. If you start up your business during or after the conversation, the consulting is free. However, if you take the consulting for information puroposes only and you wish to start up at a later date, the conversation will cost you CHF 150 in cash. In return you will receive a voucher for CHF 150 which you will be able to use when you establish your business with STARTUPS.CH
Preferably you establish the foundation of your company with STARTUPS.CH. STARTUPS.CH will provide you with professional guidance before and after the foundation.
Here you will be able to apply for a counselling interview and to request free documentation.
