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.
5-566: Aero-Dienst GmbH & Co. KG is a German charter airline operating business jet and air ambulance flights out of Nuremberg Airport . The company was founded in 1958 by the companies "Diehl" and "Faun", initially operating several jet and propeller aircraft and helicopters. Since 1998, Aero-Dienst has operated air ambulance services on behalf of ADAC . It is one of the oldest commercial airlines in Germany that still operates under its original name. As of November 2018, Aero-Dienst operates
10-458: Is a limited partnership with, typically, the sole general partner being a limited liability company. It can thus combine the advantages of a partnership with those of the limited liability of a corporation. A dormant partnership ( stille Gesellschaft ) comes into existence when a person makes a contribution to an existing enterprise (company, partnership, sole proprietorship) and shares in the latter's profits. The dormant partner has no liability for
15-487: 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, acquire title to real estate and sue or be sued. For example, a Gesellschaft mit beschränkter Haftung & Compagnie KG (GmbH & Co. KG)
20-416: The debts of the enterprise; in case of insolvency of the enterprise he is a creditor with the portion of his contribution not consumed by losses. Strictly speaking, the dormant partnership is nothing more than an 'undisclosed participation'. A Civil-Law Association is not a legal entity and cannot sue or be sued. It is often used for single joint ventures (e.g. construction projects) and comes to an end when
25-474: The following aircraft for its charter and ambulance services: Kommanditgesellschaft 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
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