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What is Gesellschaft mit beschrankter Haftung mean?
A Gesellschaft mit beschränkter Haftung ([ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ], abbreviated GmbH [ɡeːʔɛmbeːˈhaː] and also GesmbH in Austria), meaning "company with limited liability", is a type of legal entity very common in Germany, Austria, Switzerland (where it is equivalent to a société à responsabilité limitée), and Liechtenstein. It is an entity broadly equivalent with the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes the fact that the owners (Gesellschafter, also known as members) of the entity are not personally liable or credible for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.
The GmbH has become the most common corporation form in Germany because the AG (Aktiengesellschaft), the other major company form corresponding to a stock corporation, was much more complicated to form and operate until recently.
reference| Full Form | Category |
|---|---|
| Gesellschaft Mit Beschrankter Haftung (German: company with limited liability) | Business |
| Gesellschaft mit beschrankter Haftung | Business |
| Gesellschaft mit beschränkter Haftung (Limited Liability Company) | Business |
| Gesellschaft Mit Betrunken Haftung | General |
| Guarda Municipal de Belo Horizonte | Governmental |
| Gesellschaft Mit Beschr | Messaging |
Posted on 19 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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