A limited partnership is a part of a private company even though it is not a typical personal company.
Basic characters
– is a company in which at least one partner guarantees for its debts limited (Kommanditist) and at least one partner unlimited (Complementary)
– the Public Limited Company provision applies to limited partnerships
Social contract
– contains the determination of which of the partners is a complementary and who is a Kommanditist, the amount of the contribution of each Kommanditist
– the shares of the co-candidates shall be determined according to the proportion of their deposits
– Kommanditist fulfills the deposit obligation in the amount and manner specified in the social contract, otherwise in cash and without undue delay after the establishment of its participation in the company
– for the debts of the company, the Kommanditist with the other partners jointly and severally guarantees the amount of their unpaid deposit according to the state of registration in the Commercial Register
– if the social contract determines that the Kommanditists are liable for the debts of the company up to the amount specified (limited amount), this amount shall be entered in the social contract, no lower amount may be agreed than the amount of the deposit
Statutory authority
– the statutory body of the company are all members of the company, the social contract may stipulate that the statutory body of the company is only some of the complementaries or one of them
– unless otherwise agreed by the social contract, all members shall decide in matters not attributable to the statutory body, with the special vote of the Complementaries and the Special Commanders
– profit and loss are divided between the company and the complementary, unless the social contract determines the division, divides the profit and the loss between the company and the complementary in half
Dissolution of the company
– it is sufficient to abolish the limited partnership that none of the complementaries meet the requirements to be a member of a business corporation under the law, such as integrity, barrier to maintenance and other
A limited partnership is a part of a private company even though it is not a typical personal company.
Basic characters
– is a company in which at least one partner guarantees for its debts limited (Kommanditist) and at least one partner unlimited (Complementary)
– the Public Limited Company provision applies to limited partnerships
Social contract
– contains the determination of which of the partners is a complementary and who is a Kommanditist, the amount of the contribution of each Kommanditist
– the shares of the co-candidates shall be determined according to the proportion of their deposits
– Kommanditist fulfills the deposit obligation in the amount and manner specified in the social contract, otherwise in cash and without undue delay after the establishment of its participation in the company
– for the debts of the company, the Kommanditist with the other partners jointly and severally guarantees the amount of their unpaid deposit according to the state of registration in the Commercial Register
– if the social contract determines that the Kommanditists are liable for the debts of the company up to the amount specified (limited amount), this amount shall be entered in the social contract, no lower amount may be agreed than the amount of the deposit
Statutory authority
– the statutory body of the company are all members of the company, the social contract may stipulate that the statutory body of the company is only some of the complementaries or one of them
– unless otherwise agreed by the social contract, all members shall decide in matters not attributable to the statutory body, with the special vote of the Complementaries and the Special Commanders
– profit and loss are divided between the company and the complementary, unless the social contract determines the division, divides the profit and the loss between the company and the complementary in half
Dissolution of the company
– it is sufficient to abolish the limited partnership that none of the complementaries meet the requirements to be a member of a business corporation under the law, such as integrity, barrier to maintenance and other
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