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The limited partnerships as pure private company exist infrequently. The personal liability of the general partner is in the foreground. The high flexibility of the private company but also the limited personal liability are the essential advantages of the limited partnership with a limited liability company as general partner.
By the limited partnership with a limited liability company as general partner, the limited company takes the function of the complete personal partner (general partner). The general partner limited partnership with a limited liability company is liable with its total assets, that means with the share capital. The limited partner, person with limited liability, is only liable to the amount of their deposit.
The managing director of the personal general partner limited partnership with a limited liability company represents the the limited partnership with a limited liability company as general partner.
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