My best friend who quitted recently his shares in a company told me they way how much he had to laugh in front of the notary because of the notaries reading pace🤣🤣🤣🤣🤣🤣
Met a German founder this week and asked him if all the stories one reads about the challenges of startups in Germany are exaggerated. "No, they're understated." Proceeded to describe spending a full day having a 90-page investment contract read to him (mandatory under German law; § 13 BeurkG) by a notary that then charged €30,000. That was for his first company. His second company, needless to say, was not incorporated in Germany.