Warm help: 26,000 euros for flood victims in Lower Austria!

Warm help: 26,000 euros for flood victims in Lower Austria!

In an impressive humanitarian call, the organization "We Lower Austria in Vienna" and the association "Help in your own country" invited together to collect donations for the flood victims in Lower Austria on December 7, 2024. In the devastating flood between the 13th and 20th September 2024, which brought many people into need, total parts of the country were affected. Sissi Pröll, President of "Help in her own country", emphasized the urgency of helping the families concerned quickly and unbureaucratically: "Because whoever helps quickly helps twice". The event attracted numerous prominent guests and supporters who were willing to donate generously.

The fundraising campaign was an outstanding success, because a total of 26,000 euros could be collected, which the association increased by 455 euros above the originally collected sum. Erwin Hateseder, President of "We Lower Austria in Vienna", played a central role. Fortunately, numerous regional entrepreneurs and representatives from various industries were also found to support the campaign. During the event it became clear how important cohesion is in times of crisis, especially when it comes to supporting people in need. If you also want to donate to support the flood victims, you can view the information you need on the organization's website.

Limited liability company (GmbH) as a popular legal form

In another, but equally important subject area, the GmbH - limited liability company - is still the second most popular legal form according to sole proprietorship in Austria. The advantage of this structure is that liability is limited to the assets of society. This is particularly attractive to partnerships that want to minimize the risk. The foundation of a GmbH requires a minimum of 10,000 euros, of which half must be paid into cash. The social contract that is necessary for the foundation must be certified by a notary.

The GmbH can also be founded by a single person, which makes them a flexible option for company founders. Another crucial point is that shareholders are usually personally liable if they take out loans and that the managing director is subject to a wide range of liability. This legal structure not only offers security, but also clarity in corporate management. For detailed information on the foundation and the requirements of a GmbH, the Austria Chamber of Commerce has provided extensive resources to support interested entrepreneurs.

Leadersnet reported on the humanitarian donation campaign and The legal framework of the GmbH.