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English translation: Full partnership

14:23 Jan 19, 2002
German to English translations [Non-PRO]
Bus/Financial - Business/Commerce (general) / Business
German term or phrase: Gesellschaft bürgerlichem Rechts
Gesellschaft bürgelichem Rechts
Sean
English translation:Full partnership
Explanation:
"Gesellschaft bürgerlichen Rechts (GbR)", according to German commercial legislation (Handelsgesetzbuch - HGB), vs. Limited Liability Partnership, is a company where each of the owners/partners solely is fully liable for all liabilities of the company with all his property and is authorized to act solely on behalf of the company.
Selected response from:

Steffen Pollex (X)
Local time: 00:32
Grading comment
Thank you, I agree and have made my point!

Sean
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1unincorporated civil-law association
Andy Lemminger
4civil law association
Kim Metzger
4 -1Full partnership
Steffen Pollex (X)
4 -1partnership
Alexander Schleber (X)


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
unincorporated civil-law association


Explanation:
out of Woywode

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Note added at 2002-01-19 14:27:26 (GMT)
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I guess Sven will add that you should leave GbR (short form) and only provide an English explanation once (for avoiding to get into legal trouble)

Andy Lemminger
Canada
Local time: 16:32
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 31

Peer comments on this answer (and responses from the answerer)
agree  Ralf Lemster: ...also to your note!
16 mins
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6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
civil law association


Explanation:
According to Dietl/Lorenz it is a civil law association or partnership under the Civil Code or non-trading partnership.


    W�rterbuch f�r Recht, Wirtschaft und Politik, Dietl/Lorenz
Kim Metzger
Mexico
Local time: 16:32
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 834
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7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Full partnership


Explanation:
"Gesellschaft bürgerlichen Rechts (GbR)", according to German commercial legislation (Handelsgesetzbuch - HGB), vs. Limited Liability Partnership, is a company where each of the owners/partners solely is fully liable for all liabilities of the company with all his property and is authorized to act solely on behalf of the company.


    experienceas an auditor/banker
Steffen Pollex (X)
Local time: 00:32
Specializes in field
Native speaker of: Native in GermanGerman, Native in RussianRussian
PRO pts in category: 12
Grading comment
Thank you, I agree and have made my point!

Sean

Peer comments on this answer (and responses from the answerer)
disagree  Andy Lemminger: how do you distinguish to an oHG? Partnergesellschaft=partnership (and both oHGs and GbRs are partnerships but special ones...)
1 hr
  -> Agree
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19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
partnership


Explanation:
Let's make the selection possibilities complete.

Zahn, Bank und Börsenwesen says that the translation is simply "partnership".

Alexander Schleber (X)
Belgium
Local time: 00:32
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 256

Peer comments on this answer (and responses from the answerer)
disagree  Steffen Pollex (X): Have to correct myself. This is really a too raw explanation, see Andy's and Ralf's comments above I can only agree with.
1 hr
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