Register a new UK Limited Company. Quick & Simple Service. Cheapest Incorporation Service. The Cheapest UK Company Registration Service. Incorporate a New Limited Company cheaply
Types:
- Company Registration
Direct Company Registration-Easy,
Easy And Secure
- Name Check
Type Your Company Name To See
If It's Available. Know More.
- Login
Enter the Required Details To
Sign Into Your Existing Account.
- Limited by Guarantee
Limited by Guarantee Company
Set up your Not-for-Profit Company
Search results
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 ...
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 ...
- Limited Liability Company & Co. Kg – Meaning
- Composition – Parties Involved
- Minimum Capital and Formation Costs
- Formation of A GmbH & Co. Kg: What You Must Bear in Mind
- Managing Director of GmbH & Co. Kg
- Shared and Limited Liability: Clear Distribution of Risk Between Partners
- Taxes: Kg and Partners Share Costs
- Advantages, Disadvantages and Naming
GmbH & Co. KG is an abbreviation and stands for Gesellschaft mit beschränkter Haftung & Compagnie Kommanditgesellschaft. It is a joint venture, similar to the limited partnership (KG). The main difference is that in this case the general partner is a limited liability company and not a natural person. In contrast, the natural person who contributes...
The terms “general partner” and “limited partner”, which refer to the different types of partners, are important in the context of the legal form.
Since the general partner is a GmbH, the formation of a GmbH & Co. KG requires a capital contribution of 25,000 euros. Alternatively, a UG can assume the role of general partner in a UG & Co. KG by contributing at least one euro of capital. Both the limited partner and the general partner GmbH agree on the amount of the contributions in the partner...
Every company must have a personally liable partner in addition to the other partners. The GmbH & Co. KG can be founded if it is entered in the commercial register. The basic features of the company are laid down in the articles of association or partnership agreement. The limited partners’ liability ceases completely if it is also entered in the c...
The management of such a corporate form is under the control of the GmbH. Whereas the GmbH is not a natural person and therefore cannot act as managing director of the company. Consequently, the managing director of the GmbH is also the managing director of the GmbH & Co. KG. However, it should be noted that the management of the GmbH does not nece...
Since a GmbH can function as a limited liability company, the limitation of the general partner’s responsibility is an advantage of this structure. In this case, the shareholders of the limited liability company are not personally responsible. There are no significant differences between the KG and other types of contracts. This means that in case ...
It should be noted that both the general partner GmbH and the GmbH & Co KG are independent legal entities with separate tax obligations. Depending on the type of delivery or service, this amounts to 19 % or 7 % of the total amount. Since the GmbH & Co. KG can only be founded by traders, trade taxis also due. Wage tax is paid by the employer if he e...
In addition to being entered in the commercial register, the GmbH & Co. KG appears in business transactions as a corporation. Personal names, the object of the company or even an imaginary name can be used in the composition of the name. In addition, founders have the option of using a mixture of these components. Furthermore, the company names of ...
- Choose the right limited liability company for your business. Make sure it’s the right legal entity for your purposes. Check if you have sufficient share capital
- Come up with a company name. Check the commercial register (Handelsregister) to find out if the name has already been taken. Learn more: Is my company name still available?
- Decide on the Unternehmensgegenstand (company objective) Under German law, this needs to be quite specific. Check the Handelsregister (commercial register) to see what companies similar to yours have used for their Unternehmensgegenstand (object of the company).
- Apply to the IHK (chamber of commerce & industry) for a company name and objective check. This service is free! Learn more: Is the company name I want still available?
- Planning and requirements. Before you start setting up your company, do two things: First, learn the basics about the GmbH and secondly, answer these foundational questions
- Decide on the Firmenname (company name) and the Unternehmensgegenstand (company objective) What you call your company matters a great deal. If it doesn’t stick in the minds of your customers, you’ll miss out on sales.
- Stammkapital (share capital) and formation costs. Once you decide on the name of the GmbH, you should sort out the financial details. The minimum share capital of a GmbH is €25,000.
- Musterprotokoll vs. Gesellschaftsvertrag: Choose standardised or customised articles of association. For the GmbH legal form, you can use a founding documents template called the Musterprotokoll (aka standardised articles of association).
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 ...
People also ask
What is a GmbH & Co KG?
How do I register a GmbH & Co KG?
Is GmbH & Co KG a partnership?
Can a GmbH & Co KG be founded?
How to start a GmbH & Co KG?
How is a GmbH & Co KG formed?
5. Legal form – Founding capital. Founding capital for the GmbH is EUR 25.000 (EUR 12.500 have to be paid at the beginning). In case of the GmbH & Co KG you need just a symbolic founding capital, such as EUR 100. Additionally, as mentioned before, you need to take care of the founding capital of the GmbH which you need as an unlimited ...
