A GbR, a company under civil law, is a form of company with several people.
definition
The civil society (GbR) is one of the so-called partnerships. In contrast to a GmbH, a GbR can be founded without complex formalities by two or more people who pursue a common goal. It is important here that it is not allowed to pursue any commercial goals in the sense of trade. If this is the case, it will automatically be converted into an open trading company (OHG).
Legal background
A GbR can be founded by both natural and legal persons by means of a partnership agreement. This form is mainly found in joint practices and law firms. It should be noted that with this type of company, all shareholders are fully liable. As with all partnerships, the partners are liable with the company’s assets, but also with their private assets.
Note: All legal bases for the GbR are listed in paragraphs ยงยง 705-740 of the Civil Code.
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