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A GmbH can be established with at least one shareholder, provided that its share capital is at least 25,000 euros. The authorized capital may be paid in cash, property or contribution. As an exception, the capital shares of a GmbH may neither be transferred to the public nor listed on a public stock exchange. The company is governed by a meeting of shareholders of the company. Day-to-day decisions and operations are taken care of by the board of directors of the company, which is appointed by the decision of the shareholders' meeting. http://www.confiduss.com/en/info/blog/article/llc-gmbh-incorporation-germany/