{"id":8847,"date":"2024-09-14T09:35:17","date_gmt":"2024-09-14T09:35:17","guid":{"rendered":"https:\/\/www.mth-partner.de\/?p=8847"},"modified":"2025-06-12T07:11:12","modified_gmt":"2025-06-12T07:11:12","slug":"der-geschaeftsfuehreranstellungsvertrag-des-geschaeftsfuehrers-einer-gmbh","status":"publish","type":"post","link":"https:\/\/www.mth-partner.de\/en\/the-managing-director-employment-contract-of-the-managing-director-of-a-gmbh-limited-liability-company\/","title":{"rendered":"The managing director employment contract of the managing director of a GmbH (limited liability company)."},"content":{"rendered":"<p>He serves as the key link between the company and its employees, suppliers, customers, and other business partners. In this role, he is primarily responsible for the company\u2019s economic success.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Der_Geschaftsfuhrervertrag_Ein_unverzichtbares_Dokument\"><\/span>The Managing Director Contract: An Essential Document<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A well-structured managing director contract is indispensable. Although it does not need to be notarized, it is recommended to be documented in writing to clearly define mutual rights and obligations. The contract is entered into between the company and the managing director, laying the foundation for a transparent and trustworthy collaboration.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vertragsklauseln_Was_sollte_geregelt_sein\"><\/span>Contract Clauses: What Should Be Regulated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The contract establishes the framework under which the managing director performs his duties for the company. Common provisions include:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>Management and oversight of the company: The managing director is obligated to conduct the company\u2019s business as a prudent businessman and fulfill his duties according to the law, the articles of association, and internal rules.<\/strong>The managing director is obliged to conduct the company's business in the spirit of a prudent businessman and to fulfil his duties in accordance with the law, the articles of association and the rules of procedure.<\/li>\n<li><strong>Preparation of the annual financial statements<\/strong>Preparation of the annual financial statement: As per the requirements of the GmbH Act, it is the managing director\u2019s responsibility to prepare the annual financial statement and present it to the shareholders\u2018 meeting.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rechte_und_Pflichten_des_Geschaftsfuhrers\"><\/span>Rights and Duties of the Managing Director<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The managing director contract supplements the regulations of the GmbH Act. The company is generally represented by the shareholders\u2018 meeting. Both the shareholders and the managing director sign the contract. It is also possible for a shareholder to be authorized by resolution to sign the contract.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vergutung_des_Geschaftsfuhrers\"><\/span>Managing Director\u2019s Remuneration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A key aspect of the managing director contract is the regulation of remuneration. Typically, a fixed monthly salary is agreed upon, which is negotiable. If the managing director has a stake in the company, the remuneration should not be unreasonably high to avoid tax consequences.<\/p>\n<p>In addition to the base salary, variable compensation elements, such as profit-sharing, can also be agreed upon. This is based on the company\u2019s success and should be carefully reviewed for tax purposes to minimize risks during audits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Weitere_Vertragsleistungen\"><\/span>Additional Contractual Benefits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Additional benefits, such as bonuses, travel expenses, or pension schemes, can also be regulated in the contract. It is often stated that all claims of the managing director are settled with the agreed remuneration.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Urlaubsanspruch_und_Entgeltfortzahlung\"><\/span>Vacation Entitlement and Continued Payment of Wages<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although the managing director is not considered an employee, contractual provisions regarding vacation entitlement and continued payment in the event of illness should be included. Typically, 25 to 30 vacation days per year are granted. A provision for continued payment during illness should also be established.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nutzung_eines_Dienstwagens\"><\/span>Use of a Company Car<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the managing director is allowed to use a company car privately, the extent of private use should be clearly regulated in the contract. This may include details such as the type of vehicle, private use by family members, and taxation of the monetary benefit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Haftungsbeschrankungen_des_Geschaftsfuhrers\"><\/span>Liability Limitations for the Managing Director<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Managing directors bear great responsibility and can cause significant damages through breaches of duty. Therefore, liability limitations in the managing director contract are crucial. However, legal requirements, especially regarding the GmbH Act and insolvency law, must not be disregarded. It is possible to shorten the limitation period for claims for damages or limit liability to gross negligence.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Wettbewerbsverbot_und_nachvertragliche_Regelungen\"><\/span>Non-Compete Clause and Post-Contractual Provisions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A non-compete clause is often included in managing director contracts. This prohibition applies during the contract term due to the managing director\u2019s duty of loyalty. A post-contractual non-compete clause must, however, be explicitly regulated in the contract. This must not unduly restrict the managing director\u2019s economic freedom, as it could otherwise be considered immoral. A non-compete clause is often limited to a maximum of two years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Kopplung_von_Abberufung_und_Kundigung\"><\/span>Linking Removal and Termination<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is a separation between the managing director\u2019s position as an officer and his employment relationship. This means that removal as managing director does not automatically terminate the service relationship. To avoid this, coupling clauses should be included in the contract to ensure that the service agreement ends with the removal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Zustimmungspflichtige_Geschafte\"><\/span>Transactions Requiring Approval<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To prevent poor decisions, particularly expensive or risky transactions should require shareholder approval. This often applies to real estate transactions or loan agreements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fazit_Sorgfaltige_Vertragsgestaltung_zahlt_sich_aus\"><\/span>Conclusion: Careful Contract Design Pays Off<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The drafting of a managing director contract requires special attention and expertise to avoid legal and tax complications later on. Professional advice helps ensure that the contract is optimally structured from both a legal and economic perspective.<\/p>\n<p><a href=\"https:\/\/www.mth-partner.de\/en\/services\/residency-by-founding-a-business-or-a-company-in-germany\/\" target=\"_blank\" rel=\"noopener\">If you need assistance with starting a business in Germany, we are happy to advise you.<\/a><\/p>\n<div class=\"mt-1 flex gap-3 empty:hidden -ml-2\">\n<div class=\"items-center justify-start rounded-xl p-1 flex\">\n<div class=\"flex items-center\">\n<p><strong>Important Note: The content of this article has been prepared to the best of our knowledge and belief. However, due to the complexity and constant evolution of the subject matter, we must exclude liability and warranty.<\/strong>\u00a0Important Notice: The content of this article has been created to the best of our knowledge and understanding. However, due to the complexity and constant changes in the subject matter, we must exclude any liability and warranty.<\/p>\n<p>If you need legal advice, please feel free to call us at\u00a0<strong>0221 - 80187670<\/strong>\u00a0or send us an email at or send an email to info@mth-partner.de\u00a0<strong>info@mth-partner.de<\/strong><\/p>\n<p><a href=\"https:\/\/www.mth-partner.de\/en\/de\/koeln\/auslaenderrecht-anwalt\/\">Lawyers in Cologne advise and represent clients nationwide in immigration law.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>There is a separation between the managing director's position as an executive body and his employment relationship. This means that dismissal as a managing director does not automatically result in the termination of the employment relationship.<\/p>","protected":false},"author":4,"featured_media":11740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-8847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gesellschaftsrecht-anwalt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Der Gesch\u00e4ftsf\u00fchreranstellungsvertrag des Gesch\u00e4ftsf\u00fchrers einer GmbH - Rechtsanwaltskanzlei\u00a0Tieben<\/title>\n<meta name=\"description\" content=\"Neben der Bestellung zum Gesch\u00e4ftsf\u00fchrer sollte auch ein Gesch\u00e4ftsf\u00fchreranstellungsvertrag geschlossen werden\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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