Covid 19 Coverage of Startuprad.io  Our affiliate partners:Startup in need of a bank account? Try our partner Penta http://bit.ly/3bdHX3d Looking for a bank account to shift between crypto and fiat? Try our partner Bitwala: http://bit.ly/2w01Zye Need office space? Co-Working at WeWork https://we.co/2GYbxvS Need something done fast? SEO / Graphics / Sounds / Transcript look at Fiverr: http://bit.ly/2S0f2YF You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh   WelcomeWelcome to the 2nd episode of our special covid19 coverage for the German startup scene. This is a special issue with an attorney at law Tim, focusing on special legislation in Germany for the shutdown of public life and the consequences for a business.  Our GuestTim Wullbrandt (Attorney at Law) rechtsanwaelte.de/heidelberg-based-law-firm-experienced-attorneys-for-criminal-defense-family-law-insolvency-law-in-germany/">http://www.wullbrandt-rechtsanwaelte.de/heidelberg-based-law-firm-experienced-attorneys-for-criminal-defense-family-law-insolvency-law-in-germany/  Article by Tim (German) about the new legal rules: Neue Gesetze wegen Corona-Krise - was ändert sich? https://buff.ly/2xltPp4    Our ScopeEverything we discuss here only holds true in GERMANY since Startuprad.io is focused here. The rules, laws, and regulations do not apply anywhere else.    Give us FeedbackReach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA    Find the host here: Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)   Keep in mind, there are many people out there looking for help AND THERE WILL BE SCAMMERS, so validate your sources, start from associations and government pages. Be wary of potential scams.  There is an explicit warning on the official portal for insolvency filings in Germany - Insolvenzbekanntmachungen https://buff.ly/2J7RM62  Normal insolvency filings and proceedingsReasons for insolvencyInsolvency / IlliquidityImminent illiquidity (time frame unclear)Overextension, you have more depth than assets Insolvency applicationExamination of applicationOpening of insolvency proceedings  Upfront tax payments / prepaid taxes https://www.sapling.com/8419090/prepaid-taxes  Shareholder loans https://www.financierworldwide.com/shareholder-loans-under-german-insolvency-law#.Xno2T4hKhhE    Special about this situation with Covid19, as of March 2020Here is the link to the current bill/draft law on the homepage of the German Federal Ministry of Justice 19.html">https://www.bmjv.de/SharedDocs/Gesetzgebungsverfahren/DE/FH_AbmilderungFolgenCovid-19.html Content: Under certain conditions, there is no obligation to file for insolvency until September 30th, 2020.  There is a restriction for termination of rental contracts (think offices) There is also relaxation for decision making for legal entities  ⇒ Talk to your lawyer about it!   The Video Interview (published March 24th)https://youtu.be/0vnA4SoSADc   Top Book Picks by 28-year-old serial entrepreneur Peter (AL)Principles by Ray Dalio https://amzn.to/38ZgmB7 The man who solved the market https://amzn.to/2SZ6Jgw What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x The little prince https://amzn.to/3c6hWDm Friedrich Nietzsche’s Books: Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYDThus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGLHerman Hesse’s Books Siddhartha https://amzn.to/2PpJzO3Steppenwolf https://amzn.to/32pSPqI Further readings and helpful linksThis is the only reliable English source we could find so far: SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene - German Startups AssociationThey launched a specific website” The Startup Corona Handbook” https://buff.ly/2J4UOI0  There is also a helpful page by the challenger bank Penta: https://getpenta.com/de/unt... --- Send in a voice message: https://anchor.fm/startupradio/message Support this podcast: https://anchor.fm/startupradio/support