Business, tax and trades
UG
Abbreviation for Unternehmergesellschaft (haftungsbeschränkt)
In short and in plain language
A UG is a kind of German limited company.
It can be set up with very little share capital.
Its liability is limited to what the firm owns.
A German word for limited liability is part of its name. This holds in the legal notice too.
Definition
A UG is a German limited company, a variant of the GmbH that can be founded with very little share capital. Liability is limited to the company's assets. The suffix haftungsbeschränkt is part of the name, including in the legal notice.