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Kommanditgesellschaft
A (abbreviated KG, ; from + ) is the German name for a limited partnership business entity and is used in German, Belgian, Dutch, Austrian, and some other European legal systems. In Japan, it is called a '' gōshi gaisha''. Its name derives from the commenda, an early Italian medieval form of limited partnership. In Indonesia, it is legally called ''commanditaire vennootschap'' (CV) or ''Persekutuan Komanditer'', derived from colonial Dutch administration. Description Partnerships may be formed in the legal forms of General Partnership (, GbR), or specialized in trading (, OHG), or Limited Partnership (''Kommanditgesellschaft'', KG). In the OHG, all partners are fully liable for the partnership's debts, whereas in the KG there are general partners (''Komplementär'') with unlimited liability and limited partners (''Kommanditisten'') whose liability is restricted to their fixed contributions to the partnership. Although a partnership itself is not a legal entity, it may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of Business Entity
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (United Kingdom, Ireland, and the Commonwealth) *public limited company (United Kingdom, Ireland, and the Commonwealth) *limited partnership * general partnership * chartered company *statutory corporation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Partnership
A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts. Limited partnerships are distinct from limited liability partnerships in which all partners have limited liability. The general partners (GPs) are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agency law, agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Of Austria
The Law of Austria are the collection of laws that apply at the Federal level in Austria. It is founded on the Federal Constitutional Law of 1920. It can be divided into public law and private law. Judiciary system Austria in 2008 had 141 district courts (Bezirksgerichte), 20 provincial courts (Landesgerichte), and four higher provincial courts (Oberlandesgerichte). There is also a Supreme Court (Oberster Gerichtshof), Constitutional Court (Verfassungsgerichtshof), and Administrative Court (Verwaltungsgerichtshof). Access to legal information Information on Austrian law is available using the ''Legal Information System of the Republic of Austria'' or ''Rechtsinformationssystem des Bundes''. Life imprisonment Life sentences can be given in cases of murder and other crimes resulting in someones death, Genocide Convention, genocide, crimes against humanity and War crime, war crimes, but also for major drug crimes and severe acts of Verbotsgesetz 1947, (re-)engagement in National S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Business Law
German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also German nationality law **Germanic peoples (Roman era) * German diaspora * German language * German cuisine, traditional foods of Germany People * German (given name) * German (surname) * Germán, a Spanish name Places * German (parish), Isle of Man * German, Albania, or Gërmej * German, Bulgaria * German, Iran * German, North Macedonia * German, New York, U.S. * Agios Germanos, Greece Other uses * German (mythology), a South Slavic mythological being * Germans (band), a Canadian rock band * "German" (song), a 2019 song by No Money Enterprise * ''The German'', a 2008 short film * "The Germans", an episode of ''Fawlty Towers'' * ''The German'', a nickname for Congolese rebel André Kisase Ngandu See also * Germanic (disa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gesellschaft Mit Beschränkter Haftung
(; ) is a type of Juridical person, legal entity in German-speaking countries. It is equivalent to a (Sàrl) in the Romandy, French-speaking region of Switzerland and to a (Sagl) in the Ticino, Italian-speaking region of Switzerland. It is an entity broadly equivalent to the private limited company (PLC) in the United Kingdom and many Commonwealth of Nations, Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes that the owners (, also known as members) of the entity are not personally liable for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term is part of the company name itself), and gGmbH () for non-profit companies. The GmbH has become the most common corporation form in Germany because the AG (), the other major company form corresponding to a stock corporation, was much more complicated to form and operate un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gesellschaft Bürgerlichen Rechts
''Gemeinschaft'' () and ''Gesellschaft'' (), generally translated as "community and society", are categories which were used by the German sociologist Ferdinand Tönnies in order to categorize social relationships into two types. The Gesellschaft is associated with modern society and rational self-interest, which weakens the traditional bonds of family and local community that typify the Gemeinschaft. Max Weber, a founding figure in sociology, also wrote extensively about the relationship between ''Gemeinschaft'' and ''Gesellschaft''. Weber wrote in direct response to Tönnies. ''Gemeinschaft''–''Gesellschaft'' dichotomy According to the dichotomy, social ties can be categorized, on one hand, as belonging to personal social interactions, and the roles, values, and beliefs based on such interactions (''Gemeinschaft'', German, commonly translated as "community"), or on the other hand as belonging to indirect interactions, impersonal roles, formal values, and beliefs based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commenda
The commenda was a medieval contract which developed in Italy around the 13th century, and was an early form of limited partnership. The commenda was an agreement between an investing partner and a traveling partner to conduct a commercial enterprise, usually overseas. The terms of the partnership varied, and are usually categorized by modern historians as ''unilateral commenda'' and ''bilateral commenda'', based on the share of contributions and profits between the partners. The bilateral commenda was known in Venice as collegantia or colleganza. The commenda has been described as a foundational innovation in the history of finance and trade. The commenda was a partnership between an investing partner (called the ''commendator'', or ''socius stans'') and a traveling partner (called the ''tractator'' or ''socius procertans''). The investing partner would provide the capital and the traveling partner would execute a commercial enterprise (generally maritime transport), the initial ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |