Germany: Types Of Company
General Partnership (OHG)
No start-up capital is required to establish a General Partnership (Offene Handelsgesellschaft). Each partner is liable without limit. A General Partnership may be created by individuals or a coming together of two separate businesses pursuing the same interest. It must be entered into the trade register and the name must be suffixed by oHG for clarification of liability. The General Partnership must have a board of directors and a supervisory body, and must hold regular shareholders’ meetings. All partners are required to play an active part in the partnership unless otherwise specified in the partnership contract.