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 §§ 705-740 of the Civil Code.

 

We offer guest articles and sponsored posts

You have your own, interesting thoughts around the theme world of the blog and would like to share them in a guest article on my blog? - But gladly! You can thereby address customers and professionals.

Gendernote: I have used the masculine form for ease of reading. Therefore, unless an explicit distinction is made, it always refers to women, diverse as well as men, and people of all origins and nations. Read more

Spelling: I translated my German Blog to English - so you can also read my Recommendations. Please be sorry if this English is not so good.




Image-Source Titlepicture: Fotolia.de 2016 – buyed License

Auctionify-Team
Author

We are the international Version of Projektify.de a Marketplace for buying and selling webprojects. We give here recommendations for online-businesses and offer a tool for M&A Companies.