Kommanditgesellschaft

German name for a limited partnership business entity 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. Description 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 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, acqui