GmbH & AG
GmbH stands for Gesellschaft mit beschränkter Haftung. It is one of the possible ways to register a company in Germany.
Companies that are formed as GmbH have one or more Geschäftsführer. They have a limited liability which is declared when the company is founded and entered into the Handelsregister.
AG stands for Aktiengesellschaft. It is another way to register a company in Germany. It is roughly equivalent to a PLC (public limited company) in the UK, or a Corporation in the USA.
An AG has a Vorstand and an Aufsichtsrat – the board of directory and the supervisory board.
To hear a simple explanation and a short discussion in German, listen to the podcast:
(Press the “play” button to listen to the podcast)
August 22nd, 2009 at 9:19 pm
[…] Whilst it is common in English-speaking countries to see a letter signed with “p.p.” by a secretary, in Germany the letters ppa are used in front of the signature of a person in the company who holds the title of “Prokurist”. This is usually someone who represents the management, eg. in a limited company (GmbH). […]
August 22nd, 2009 at 9:27 pm
[…] Whilst it is common in English-speaking countries to see a letter signed with “p.p.” by a secretary, in Germany the letters ppa are used in front of the signature of a person in the company who holds the title of “Prokurist”. This is usually someone who represents the management, eg. in a limited company (GmbH). […]
August 22nd, 2009 at 9:28 pm
[…] Whilst it is common in English-speaking countries to see a letter signed with “p.p.” by a secretary, in Germany the letters ppa are used in front of the signature of a person in the company who holds the title of “Prokurist”. This is usually someone who represents the management, eg. in a limited company (GmbH). […]