By Michael J. Munkert, Stephan Stubner, Torsten Wulf
The ebook "Founding an organization - guide of criminal kinds in Europe" offers an simply available evaluate of an important details any entrepreneur or supervisor wishes while finding out for a felony type of the enterprise. This makes it particularly attention-grabbing for corporations that choose to input new markets inside of Europe and want to appreciate which requisites and benefits different felony types have. With the dependent presentation of this data for ten diversified nations the booklet permits fast comprehension and comparability of the points mentioned. The publication is a important source for marketers, specialists and anyone who helps the enterprise formation approach in Europe in addition to for academics and scholars operating during this field.
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Additional info for Founding a Company: Handbook of Legal Forms in Europe
Munkert and C. Seidl In addition, each partner is personally liable for the entire amount of any of the partnership’s debts. For example, Dr. Wolter may be one of ten partners in a medical partnership, but he is not responsible for only 10 percent of partnership obligations. He is responsible for 100 percent – even though he owns only a 10 percent interest. If Dr. Wolter’s other partners are unable to pay their respective shares, he must pay the entire amount. According to law, every unrestrictedly liable shareholder has the right and the obligation to represent his company.
The entry in the commercial register gives a KG its legal status. Additionally, the registration has to cover the facts mentioned in the following paragraphs: § 3 Z 2–4, 5, 7, 8 and 16 as well as in § 4 Z 6, if necessary in § 3 Z 6, 9, 11 and 15 and in § 4 Z 2, 3, 5 and 7 FBG (Firmengesetzbuch – commercial code). 7 Regulations Concerning Corporate Name The name of a limited commercial partnership consists of at least one of the general partner’s names and the specification “KG” (or limited partnership).
Thus, the new EU member-states are gaining importance. Moreover, these countries are now close to the category “countries of the old EU-15” which is, however, still the most relevant destination for investments abroad (43 percent). 4 illustrates the reinvestments made by German enterprises in the year 2007 abroad and emphasizes the importance of the EU-countries (27) to German investors. From a total of EUR 162,577 million, EUR 108,968 million of the reinvestments were made in EU-countries. J. Munkert In which regions do German industrial enterprises invest in?