A Kommanditgesellschaft (abbreviated KG , pronounced [kɔmanˈdɪtɡəˌzɛlʃaft] ; from Kommandite + Gesellschaft ) is the German name for a limited partnership business entity and is used in German , Belgian , Dutch , Austrian , and some other European legal systems. In Japan , it is called a gōshi gaisha . Its name derives from the commenda , an early Italian medieval form of limited partnership . In Indonesia , it is legally called commanditaire vennootschap ( CV ) or Persekutuan Komanditer , derived from colonial Dutch administration.
5-677: August Storck KG ( German pronunciation: [ˈaʊɡʊst ˈʃtoːɐ̯k] ), doing business as Storck , is a German confectionery producer with headquarters in Berlin, owned by Axel Oberwelland . The main facility of Storck in Germany is in Halle, North Rhine-Westphalia , with another located in Skanderborg , Denmark, and one in Ohrdruf , Germany. Its among the 15 biggest manufacturers of candy worldwide. The company
10-478: A Gesellschaft mit beschränkter Haftung & Compagnie KG (GmbH & Co. KG) is a limited partnership with, typically, the sole general partner being a limited liability company. It can thus combine the advantages of a partnership with those of the limited liability of a corporation. A dormant partnership ( stille Gesellschaft ) comes into existence when a person makes a contribution to an existing enterprise (company, partnership, sole proprietorship) and shares in
15-526: The OHG, all partners are fully liable for the partnership's debts, whereas in the KG there are general partners ( Komplementär ) with unlimited liability and limited partners ( Kommanditisten ) whose liability is restricted to their fixed contributions to the partnership. Although a partnership itself is not a legal entity, it may acquire rights and incur liabilities, acquire title to real estate and sue or be sued. For example,
20-479: The latter's profits. The dormant partner has no liability for the debts of the enterprise; in case of insolvency of the enterprise he is a creditor with the portion of his contribution not consumed by losses. Strictly speaking, the dormant partnership is nothing more than an 'undisclosed participation'. A Civil-Law Association is not a legal entity and cannot sue or be sued. It is often used for single joint ventures (e.g. construction projects) and comes to an end when
25-465: Was founded in 1903 by August Storck, who later changed his name to August Oberwelland . These are the most well-known products and the corresponding year in which they launched: Kommanditgesellschaft Partnerships may be formed in the legal forms of General Partnership ( Gesellschaft bürgerlichen Rechts , GbR), or specialized in trading ( Offene Handelsgesellschaft , OHG), or Limited Partnership ( Kommanditgesellschaft , KG). In
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