Solutions
The Limited Partnership
This is basically a partnership but provides a limitation of liability on behalf of some of the partners. 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.
Company Details
| Liability | The general partners are unlimitedly, jointly and severally liable for the partnership’s liabilities. The Limited Partners are only liable with their capital contribution to the company. |
| Statutory capital | Not required |
| Corporate bodies |
Only the General Partners are entitled to represent the company. The Limited Partnership is not a corporate entity. The partners represent the company. General Partnership is not a corporate entity. |
| Company taxation |
EBIT – Trade tax on profit of 12% – 13% nEach partner’s portion is subject to his personal income tax or corporation company tax. Credit of trade tax on income only against the partners’ personal |
How We Can Help You
- Consultinghouse can support expanding companies in the foundation process
- Registration to the commercial register and to the local trade office
- We help to align communications with German authorities
- We help to stay compliant when doing business in Germany
Further German Company Forms
The German GmbH
The "Mini" GmbH
The GmbH & Co.KG
The Joint Stock Company
The Limited Partnership
The General Partnership
The German branch office
The German permanent establishment
The German representative office
Let Us Be a Part of Your Success Story
Stefan Grönke
Owner/Tax Advisor
WHY US?
- Strong experience in supporting foreign companies to develop their business in Germany
- Our clients success is our success. Our objective is to grow along our clients
- Entrepreneurial thinking, forward-looking advice, practical solutions, and sustainable success
Overview
Only the General Partners are entitled to represent the company. The Limited Partnership is not a corporate entity. The partners represent the company. General Partnership is not a corporate entity.
EBIT – Trade tax on profit of 12% – 13%= Tax basis for the partners’ income tax.
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