Limited Liability Company

Limited liability company, is a company with its own legal personality. As a legal entity, it can have rights and obligations, and the company’s liability is generally limited to the company’s own assets.

In Germany, this corresponds to a Gesellschaft mit beschränkter Haftung. It is one of the most common legal forms for privately held companies. Unlike a Stock Corporation, ownership is represented by business shares rather than freely tradable shares. It is usually more flexible and less capital-market-oriented than a Stock Corporation. 

In North Data Power Search, legal forms can be used as filters to limit search results to specific types of organizations, such as stock corporations, limited liability companies, partnerships, cooperatives, associations, or foundations. The available filters depend on the selected country and include both widely used legal forms and country-specific legal forms covered by North Data.