SOLUTIONS

The Limited Partnership


Overview

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.

Overview 

LiabilityThe 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 capitalNot 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%
= Tax basis for the partners’ income tax. 

Each 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
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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