alt Hacker NewsWhat is that bit about Bedrijfsaansprakelijkheidsverzekering at the end? I've never heard of business liability insurance before. Does Germany not have an equivalent of an LLC?
Replies
ivan_gammel • today at 7:05 AM
That‘s Dutch, and the same sentence mentions Netherlands. Equivalent of LLC exists everywhere, but business insurance still makes sense if you want to stay in business after paying damages.
He didn't create an LLC he's a 'stichting' which is basically a non profit with a specific goal to achieve.
He doesn't want to create an LLC because he doesn't want anyone to question his motives.
Also this is the Netherlands not Germany :)