Gesellschaft mit beschränkter Haftung in the context of "Société à responsabilité limitée"

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⭐ Core Definition: Gesellschaft mit beschränkter Haftung

Gesellschaft mit beschränkter Haftung (German: [ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ]; lit.'company with limited liability') is a type of legal entity in German-speaking countries. It is equivalent to a société à responsabilité limitée (Sàrl) in the French-speaking region of Switzerland and to a Società a Garanzia Limitata (Sagl) in the Italian-speaking region of Switzerland.

It is an entity broadly equivalent to the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes that the owners (Gesellschafter, also known as members) of the entity are not personally liable for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.

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Gesellschaft mit beschränkter Haftung in the context of Limited company

In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited companies) and private companies (private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.

Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft (AG), Dutch and Belgian nv, British PLC, Czech a.s., Italian S.p.A., Hungarian nyrt. and the Spanish, French, Polish, Greek and Romanian S.A.), and the "private" types of companies (such as the German GmbH, Dutch and Belgian bv, Portuguese Lda., British Ltd, Japanese G.K., Polish sp. z o.o., Russian ООО, Ukrainian ТОВ (TOV), the Czech s.r.o., the French s.à r.l., the Italian s.r.l., Romanian s.r.l., Hungarian kft., Bulgarian ДОО (DOO), Slovenian d.o.o., and Slovak s.r.o., in India Pvt Ltd for private company and Ltd for public company, in Singapore Pte Ltd for private company).

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Gesellschaft mit beschränkter Haftung in the context of Forest Stewardship Council

The Forest Stewardship Council GmbH (FSC) is an international non-profit, multistakeholder organization established in 1993 that promotes responsible management of the world's forests via timber certification. This organization uses a market-based approach to transnational environmental policy.

FSC is a global forest certification system established for forests and forest products. According to the council, the use of the FSC logo signifies that a product comes from environmentally, socially, and economically responsible sources. In addition to its global certification standard, FSC develops national standards in selected countries. The FSC has 10 Principles and associated Criteria (FSC P&C) that form the basis for all FSC standards and certification.

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Gesellschaft mit beschränkter Haftung in the context of Discover Airlines

Discover Airlines, legally incorporated as EW Discover GmbH and formerly branded Eurowings Discover, is a German leisure airline headquartered in Frankfurt, Hesse. It is owned by Lufthansa and serves leisure destinations around the Mediterranean, North America, Black Sea, Africa and the Caribbean from its bases at Frankfurt Airport and Munich Airport.

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Gesellschaft mit beschränkter Haftung in the context of Grundig

Grundig (English: /ˈɡrʌndɪɡ, ˈɡrʊndɪɡ/ GRU(U)N-dig, German pronunciation: [ˈɡʁʊndɪç], Turkish pronunciation: [ˈgɾundig]) is a home appliances and consumer electronics brand. It is owned by Arçelik A.Ş., the white goods (major appliance) manufacturer of Turkish conglomerate Koç Holding. Originally a German consumer electronics company, Grundig GmbH was founded in 1945 by Max Grundig and was headquartered for the most part in Fürth until its insolvency in 2003.

The Grundig company helped fuel the post-war economic miracle of West Germany and it grew to become one of the leading manufacturers in the world of radio, TV, recording and other electronic equipment in the following decades. In the 1970s, Philips began acquiring Grundig's shares, leading to complete control in 1993, but Philips divested Grundig by 1998. Grundig filed for bankruptcy in April 2003 after years of losses and strong competition from cheaper Asian competitors.

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