Encourage cross-border, multi-dimensional thinking in contexts, in complex interrelationships, in cause-effect relationships, in contradictions and in paradoxes in your company. Try to integrate . Set up these dialogues in a connectable communication process in which tendencies linked to content are captured, limits of one’s own impact are questioned, new things are introduced into the company’s …
For initial meaningful information about the business for sale, an exposé is common. How should an exposé be structured and what information should it contain and what scope should it have? What information should it deliberately not contain? Highlight the advantages of your company in the exposé. Often you take qualities for granted that you …
Generally speaking, Germans are considered to be well-organized people who love rules and prohibitions and are punctual, hard-working, disciplined, reliable, but also comparatively humorless. In fact, many Germans strive to do everything thoroughly, well and precisely. That costs time – and flexibility. In Germany, the sense of order is cultivated more than in many other …
What is a public limited company? The legal form of a public limited company is a form of corporation. The share capital of a public limited company is contributed to the public limited company by the shareholders. The public limited company is liable for liabilities as a legal entity exclusively with its corporate assets. The …
A private limited liability company is a form of corporation that can be formed as a single-member company or as a company with several shareholders. One or more shareholders can act as managing director; however, an employed third-party managing director can also be appointed. The shareholders of a GmbH must pay a defined amount of …
Definition: What is a corporation? A corporation exists independently of its shareholders. It is a “legal person” whose rights and obligations are exercised by its legal representatives. These legal representatives of the corporation do not necessarily have to be the shareholders; outside managing directors or board members can also be appointed for this purpose. Forms …
Business Partnerships are companies registered with the Commercial Register, but, according to the respective national law, they are not necessarily “legal entities”. Therefore, their partners are personally liable. The partnership form is often chosen for commercial transactions. Formally, these companies are then called partnerships. They take the form of a limited partnership or a general …
What is an association of persons? Associations of persons are small commercial companies that are not required to be registered with the Commercial Register. This is possible if the association of persons does not conduct any commercial business and remains below a turnover limit of EUR 500 thousand. Associations of persons are legally “natural persons”. …
Definition: What is a partnership? A partnership is a formal association of several persons for the purpose of operating a jointly managed business. Different forms of partnership If at least two legal entities join together for a defined common purpose, a partnership is formed. Partnerships can be bearers of rights and obligations. There are various …
Definition “sole proprietorship” A sole proprietorship is a type of with one partner who can conduct his business activity as a “registered merchant” (e. K.) within the meaning of the German Commercial Code (HGB). Sole proprietorships can be run by freelancers, farmers and tradesmen and can also employ staff. A distinction is made between the …