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Need Help With German  
User currently offlineTheGov From United States of America, joined Apr 2003, 420 posts, RR: 3
Posted (11 years 3 months 6 days 2 hours ago) and read 1399 times:

In Germany, some businesses are followed by GMbH. What does that mean?


Always a pallbearer, never a corpse.
6 replies: All unread, jump to last
 
User currently offlineNikibary From United States of America, joined May 2003, 85 posts, RR: 0
Reply 1, posted (11 years 3 months 6 days 2 hours ago) and read 1392 times:

It stands for "Gesellschaft mit beschränkter Haftung" which translates into company with limited responsibility, as far as I know this means that the company will be backed by the government if something happens to it.

User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 2, posted (11 years 3 months 6 days 1 hour ago) and read 1387 times:

"...limited liability" is more like it.

And as far as government backing is concerned: Dream on!  Wink/being sarcastic

A GmbH´s liability is limited to its minimum retained capital, for which there are strict rules in the respective laws.

Since creditors know about these limitations, GmbHs will usually not get any meaningful credit without additional backing through uncommitted assets.

I don´t know a lot about the anglo-saxon equivalent, but I suspect the "limited" corporation construct might be similar.


User currently offlineTheGov From United States of America, joined Apr 2003, 420 posts, RR: 3
Reply 3, posted (11 years 3 months 6 days 1 hour ago) and read 1382 times:

Thanks

Sounds like an LLC, Limited Liability Company



Always a pallbearer, never a corpse.
User currently offlineAndreas From Germany, joined Oct 2001, 6104 posts, RR: 31
Reply 4, posted (11 years 3 months 5 days 19 hours ago) and read 1360 times:

TheGov, that is exactly the point, it's an LLC! Some differences in details of the legal framework, but essentially it's a LLC.


I know it's only VfB but I like it!
User currently offlineLH526 From Germany, joined Aug 2000, 2381 posts, RR: 14
Reply 5, posted (11 years 3 months 5 days 16 hours ago) and read 1345 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Hi Klaus
Great to see another person from Darmstadt here. I'v been born and raised in Darmstadt and I'm currently studying there.... There world is small, I knew that  Smile/happy/getting dizzy

regards
Mario



Trittst im Morgenrot daher, seh ich dich im Strahlenmeer ...
User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 6, posted (11 years 3 months 5 days 7 hours ago) and read 1317 times:

Yeah, it takes an international forum on a swedish server to talk to each other...  Wink/being sarcastic

I´ve moved here when I began studying quite a while ago... but it´s definitely one of the nicer places to live in!  Big thumbs up


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