The limited Partnership (Kommanditgesellschaft, KG)

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.


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 bodiesOnly 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.
Consultinghouse - Martin Wilke

Martin Wilke

Managing Director
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