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Apr 3, 2024 · GmbH & Co KG stands for Gesellschaft mit beschränkter Haftung & Compagnie Kommanditgesellschaft, or in English, ‘limited liability company & limited partnership’.
A limited liability company and limited partnership, abbreviated in German as GmbH & Co. KG, is a special form of limited partnership (KG). The GmbH & Co. KG combines two legal forms: the GmbH as a corporation and the KG as a partnership. There are two types of partners in a KG.
German Limited Partnership (GmbH & Co. KG) 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.
The GmbH & Co. KG is a particularly attractive legal form for medium-sized businesses in Germany. It combines the advantages of a limited liability company (GmbH) with those of a limited partnership (KG), making it a flexible business structure with limited liability.
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).
The limited partnership with a limited liability company as general partner (GMBH & CO KG) is a subtype of the limited partnership where the general partner is a limited liability company instead of one person. This sub-type is also suitable for SMEs, as well as for family companies.
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A limited liability and limited partnership company (GmbH & Co. KG) in Germany is a combination of a partnership (KG) and a corporation (GmbH). In this legal form, known by law as a partnership, the general partner must be a legal entity in the form of a GmbH.