Germany: Types Of Company
Limited Partnership (KG)
The minimum start-up capital for a Limited Partnership (Kommanditgesellschaft) is EUR50,000. Start-up capital is split into shares and divided according to capital contributed. The contract between the partners must be notarised and the business entered into the trade register. Strict guidelines are laid out in the Companies Act (Aktiengesetz) as to the wording of the contract. There are two different types of partners: a general partner, who is wholly liable; and limited partners, who are liable up to the value of their holdings in the company. The general partner is the representative of the company.