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.
|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%