In contrast to a GmbH and an AG, the partners in an OHG have unlimited liability. Every partner is legally obliged to participate actively in operating the business unless the articles of partnership (Gesellschaftsvertrag) provide otherwise. The OHG can sue or can be sued in a court of law. For internal matters decisions should be made unanimously, but articles of partnership usually allow decisions by a majority of votes.
|Liability||All partners are personally liable without limitation.|
|Statutory capital||Not required|
|Corporate bodies||Board of directors, supervisory board, shareholders' meeting|
|Financial Statements||The partners represent the company. A General Partnership is not a corporate entity.|
EBIT - Trade tax on income of 12% - 21%