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German company law (Gesellschaftsrecht) is an influential legal regime for companies in Germany. The primary form of company is the public company or Aktiengesellschaft (AG). A private company with limited liability is known as a Gesellschaft mit beschränkter Haftung (GmbH).
The main difference between these two business forms lies in the liability of the parent company abroad. For the branch, the foreign company bears full liability while the subsidiary is incorporated as a GmbH, for example, and will be treated as a locally registered German company.
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The most familiar forms of company in German law are the Aktiengesellschaft (AG), or public limited company and the Gesellschaft mit beschränkter Haftung (GmbH), or limited liability company. Both are autonomous legal entities that can exist independently and have their own company assets.
Gesellschaft mit beschränkter Haftung (German: [ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ]), literally 'company with limited liability' (abbreviated as GmbH [ɡeːʔɛmbeːˈhaː] in Germany, Switzerland and Liechtenstein, and as Ges.m.b.H. in Austria), is a type of legal entity in German-speaking countries.
Oct 7, 2023 · The GmbH, meaning Germany, is a legal form of company that offers limited liability to its owners. Similar to LLCs in the United States and Ltd. in the United Kingdom, GmbHs provide a structure where owners are not personally responsible for the company’s debts.
Apr 4, 2024 · This abbreviation is mainly used in Germany to describe a specific type of business, similar to what you call a limited liability company (LLC) in other places. Having GmbH in a company’s name means that the shareholders’ responsibility for debts and legal issues is limited to what the company owns.
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Apr 30, 2024 · GmbH is the equivalent of LLC (limited liability company), used in the United States, or Ltd. (limited), used in the United Kingdom, and is the most common form of incorporation in Germany.
