German Business Law

[greenline100]

After the unification of West and East Germany, it is one of the major and dominating business hubs of Europe. But German law distinguishes between companies limited by shares and partnerships. The partisanship companies include general partnership, limited partnership and dormant partnership. Can you add something more to my above discussion?

[richardm1964]

In Germany the most common type of business organizations is the company with limited liability that is governed by the Act concerning Companies with Limited Liability.The shareholders participate by means of capital contributions into the share capital, broken down into initial individual payments on the total investment, but without being personally responsible for the company debts. The share capital must be at least EURO 25,000. In order to set up a company, an agreement between the shareholders must be prepared and notarized by a notary public.

[paulburton]

Hello Friends....

German law distinguishes between companies limited by shares and partnerships (general partnership, limited partnership, dormant partnership).

The most common type of business organisations in Germany is the company with limited liability governed by the Act concerning Companies with Limited Liability.


Thanks

[mneilson]

Business organizations in Germany are formed as a company registering with limited liability.There is a act to this effect governed by Companies act with Limited Liability. An agreement between the shareholders must be prepared and notarized by a notary public. The company's existence becomes legally effective upon its registration into the commercial register.