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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
| 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. |
| Income taxation |
EBIT - Trade tax on income of 12% - 21% |
FURTHER GERMAN COMPANY FORMS
The German GmbH
The "Mini" GmbH
The GmbH & Co.KG
The Joint Stock Company
The Limited Partnership
The General Partnership
The German branch office
The German permanent establishment
The German representative office
LET US BE A PART OF YOUR SUCCESS STORY
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
