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Apr 3, 2024 · In German corporate law, as the name suggests, the GmbH & Co. KG is a hybrid of the legal forms of the GmbH (limited liability company) and the Kommanditgesellschaft (KG) limited partnership. But, despite this hybrid form, the GmbH & Co. KG is still a KG (limited partnership) and, therefore, is categorised as a Personengesellschaft (partnership ...
The GmbH & Co. KG is a favourable choice for start-ups in Germany because of its many benefits. Businesses frequently use this hybrid legal form for asset management, while trading firms rely on it to limit shareholder liability risk. In this article, you will learn what a GmbH & Co. KG is and how it differs from a traditional GmbH.
The GmbH & Co. KG is subject to certain disclosure requirements. This includes the publication of the annual financial statements in the electronic Federal Gazette, especially if it exceeds a certain size. Co-Determination. From a certain size, the GmbH & Co. KG is subject to the provisions of the Co-Determination Act.
The GmbH & Co. KG is a special legal form which is partially comparable with the USA’s Limited Liability Company (LLC). This form of company unites the tax advantages and company law advantages of a corporation and a personal company. Precisely speaking, it is in fact two companies: a GmbH as a limited liability corporation and a limited ...
Apr 3, 2024 · Co KG GmbH: A Guide to Company Registration in Germany. 03/04/2024. GmbH & Co. KG is a hybrid form of company in Germany that combines features of both a GmbH and a KG. The GmbH acts as the general partner with unlimited liability, while the limited partners have liability limited to their contributions. This structure offers a unique blend of ...
Tax liability of GmbH & Co. KGs. A GmbH & Co. KG is liable to pay business taxes including trade tax (for which it is entitled to a tax free limit of 24.500 euros), as well as income tax and VAT to the tax office. Since it is a partnership, income tax is calculated on the profit of the limited partners and must be paid directly by them.
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Jun 25, 2023 · The GmbH & Co. KG thus combines the advantages of a corporation (GmbH) with those of a partnership (KG). Structure of the GmbH & Co. KG. The GmbH & Co. KG consists of at least two partners: The GmbH as general partner: The GmbH is the personally liable partner. It assumes the management of the company and has unlimited liability for the company ...
