!!!Kommanditgesellschaft

Kommanditgesellschaft (KG, limited partnership), like the  Offene 
Handelsgesellschaft, OHG a partnership having no legal personality, 
entitled to run a business as a fully qualified merchant. Only some of 
the partners have full personal liability (general partners), whereas 
the liability of the others (limited partners) is limited to their 
capital contribution. Otherwise the standing and operation of limited 
partnerships (KGs) is governed by the provisions for general 
partnerships (subsidiarity principle). Unless the partnership 
agreement contains provisions to the contrary, limited partners are 
excluded from business management; net profits are distributed as 
follows: the partners receive 4% interest on their capital 
contributions, and any additional profits or losses are equally 
distributed among them; partners do not have a right to withdraw money 
not related to profits.

!Literature
W. Kastner, P. Doralt and C. Nowotny, Grundriss des 
oesterreichischen Gesellschafts-Rechts, 1990.


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