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- The German Limited Liability Companies Act (GmbHG) is the primary legal source governing the GmbH12. The Act was amended significantly in 2008 to simplify and accelerate its formation and enhance its overall attractiveness in comparison to foreign limited liability companies1. As an incorporated business entity, the GmbH possesses rights and obligations and is liable for all of its debts to the full extent of its corporate assets2. The Limited Liability Companies Act and the German Stock Corporation Act are the two main legal resources for the top types of companies in Germany3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The German Limited Liability Companies Act (GmbHG) is the primary legal source governing the GmbH which was amended significantly in 2008 in order to simplify and accelerate its formation and enhance its overall attractiveness in comparison to foreign limited liability companies.www.hoganlovells.com/~/media/germany_folder-fo…The legal basis for a limited liability company is contained in the German GmbH Act. As an incorporated business entity, the GmbH possesses rights and obligations and is liable for all of its debts to the full extent of its corporate assets. It also may pursue and defend against legal actions in its own name.www.rosepartner.de/en/legal/german-corporate-la…The Limited Liability Companies Act and the German Stock Corporation Act are the two main legal resources for the top types of companies in Germany. The German company law is comprehensive and these two Acts describe the named business forms and the legal basis for incorporating these types of legal entities.www.companyformationgermany.com/the-compan…
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