The UG (limited liability) & Co. KG is a mixed company form where the general partner’s (KG-personal company) financial liability is taken by its partner (UG) as associate member. The members of the KG may be private persons and/or legal entities.
The UG as capital company is responsible with the extent of the deposited capital. The extent of the share capital is min. € 1.00.
The executive director of the UG is automatically also the executive director entitled to the sole representation of the KG. The capital company (UG) negotiates, and the personal company (KG) executes.
The nationality of the executive director is not important. However, it is important that the appointed executive director shall have an immaculate extract from the judicial record and have business entitlement. The executive director, as the representative of the GmbH & Co.KG, supervises the due diligence obligations and other obligations. The breach of obligation that can be proved entails personal responsibility.
The aim of this form of company form is usually to reduce or completely exclude the financial and personal responsibility of the natural persons in the company.
What does the incorporation fee contain?
- Preparation of documents
- Appointment with the notary for certification
- Bank account opening
What does not the incorporation fee contain?
- The notary’s charge
- Stamp duty of the court of registration
The court registration generally registers the enterprise within 2-4 weeks.
We provided as needed (for extra charge)
- headquarters and office address
- accountant and tax adviser
- several office services
- official and certified translations at a reasonable price