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Like the German limited partnership, GmbH -M.G. KG must be registered as a company. The responsibility of the commando is limited only after registration in the German register of commerce. The application must be submitted by all partners. The German limited partnership as a complebility company is a form of hybrid company that is motivated by the conclusion of a social contract between the shareholder and the limited persons. It is advisable to conclude this agreement in writing before a German notary. Our lawyers in Germany also provide notary services. The taxation of the limited partnership by a limited company in Germany is similar to that of all other forms of partnerships. The profits of the GmbH – Co. KG are taxed individually for each partner. Each partner of the company is required to declare and pay taxes on its capital gains through its personal income tax returns in Germany. However, the revenues of the limited liability company could be subject to business tax.
If you need help creating a partnership, you can apply for the services of our firm in Germany. You can also contact us for more information on the taxation of partnerships. In Germany, there are several forms of partnership, the Kommanditgesellschaft (Kommanditgesellschaft, KG) with a limited liability company as a second partner is a company in which the training company is a limited liability company, GmbH. In this case, the limited liability company is fully responsible for the debts and liabilities of the GmbH -Co. KG. The limited partnership with a limited liability company as a totality company in Germany may have one or more sponsors who are only responsible for the company`s debts and liabilities through its capital contributions. A limited partnership (short for LP or L.P.; in English for the restricted partnership) is an angelic legal enterprise, comparable to a Single German limited partnership with at least two partners.  Restricted partnership is a legal form in which many Anglo-Saxon private equity and venture capital firms are managed.  Unlike the limited partnership under German law, Limited Partnership`s participation and control rights are limited.
However, in some U.S. states, limited partners are allowed to intervene in business management. But they will then be responsible for all their fortunes as a general partner. The general partner, who also runs the business and represents the company outside, is the most comprehensive of a limited partnership.