Post by Rimon PC

For companies hiring in Germany, there’s a payroll rule you shouldn't overlook. In this piece, Rimon Falkenfort attorneys Oliver Otto and Michael Magotsch outline a key risk: employee social security contributions are due by the third last banking day of each month—and missing that deadline can create personal exposure for the Managing Director under §266a StGB, even in a cash crunch. For high-growth companies, this risk often surfaces in moments like: • Delayed payments while waiting on funding • Contractor or intern setups that don’t match day-to-day reality • Cross-border leadership teams unfamiliar with German requirements This isn't just a back-office issue; it's a governance and risk topic that can escalate quickly if not addressed early. Read the full article: https://lnkd.in/gVkBww5g #RimonLaw #EmploymentLaw #InternationalBusiness #CorporateGovernance #StartupRisk #Germany #Compliance