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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.
Civil law company / General partnership (GbR / OHG) German Limited Partnerships (GmbH & Co. KG) The GmbH & Co. KG is a special form in German (and Austrian) law, which does not exist in most other states and is partially comparable with the USA’s Limited Liability Company (LLC).
A KG bears two kinds of partners: 1) the general partner (Komplementär), who has an unlimited liability extending to his or her personal assets, and 2) the limited partner (Kommanditist) whose liability extends only to his or her nominal holdings in the company. GmbH & Co. KG (Limited partnership with a limited liability company as general ...
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.
Aug 17, 2021 · Therefore, you can save up to 6% with a GmbH & Co. KG. You can make private withdrawals: As with the KG or a sole proprietorship, you can simply withdraw money from the company. The disadvantages of the GmbH & Co. KG: Poor public image: This legal form was sometimes used fraudulently in the 1980s.
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The most common corporate forms for commercial ventures are the following: GmbH: limited liability company; UG (limited liability): the entrepreneurial company is the little sister of the GmbH. AG: stock corporation. GmbH & Co. KG: limited partnership with a general partner GmbH; if the general partner is a UG, it is called UG & Co. KG.
