SOLUTIONS

The General Partnership


Overview

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.

Overview

LiabilityAll partners are personally liable without limitation.
Statutory capitalNot required
Corporate bodiesBoard of directors, supervisory board, shareholders' meeting
Financial StatementsThe partners represent the company. A General Partnership is not a corporate entity.
Income taxation

EBIT - Trade tax on income of 12% - 21%
= Tax basis for the partners’ income tax. 

Each partner’s portion is subject to his personal income tax or corporate income tax. Credit of trade tax on income only against the partners’ personal income tax (only for individuals). No dividend withholding tax.

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
  • Our cooperation partner Counselhouse can help expanding companies to reduce the legal risk when creating a permanent establishment in Germany

Further German company forms

The German GmbH

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The "Mini" GmbH

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The GmbH & Co.KG

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The Joint Stock Company

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The Limited Partnership

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The General Partnership

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The German branch office

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The German permanent establishment

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The German representative office

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Let us be a part of your success story

Angela Gerolometto

BUSINESS DEVELOPMENT MANAGER

+49 6181 250 338

 

Email me  Book a meeting

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
  • We are family owned. Our long- term perspective allows for good strategy and decision-making

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To learn more about how we can add value to your business in Germany, please do not hesitate to contact us today!

Contact us Book a meeting

Or call us at +49 (0) 6181 250 330

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