Private limited company the German equivalent. On one hand it is possible to consider it as a kind of "Gesellschaft mit beschränkter Haftung" (GmbH) because it has aspects of a corporation; on the other hand it could be considered to be a kind of "Kommanditgesellschaft" (KG), which is the German equivalent of a limited partnership. Based on the literal translation of the word "company", an LLC should be considered to be a kind of KG without any liable partner. The German equivalent that comes closest to LLC, is GmbH & Co KG, a nested Kommanditgesellschaft (KG) where a Gesellschaft mit beschränkter Haftung (GmbH)
Private limited company may just issue written resolutions. Chilean law contemplates a certain form of LLC known as "Sociedad de Responsabilidad Limitada" (Limited Liability Association). Also (LLC) These companies are regulated by law N° 3.918. Among their most important characteristics we can say that: Chilean law also contemplates a very special kind of individual owner LLC called "Empresa Individual de Responsabilidad Limitada" (Limited Liability Individual Company), which uses the E.I.R.L. abbreviation. Colombian legislation contemplates a very similar structure as mentioned above in the Chilean case. The "Ltda." abbreviation is also used in Colombia. In Croatia, a private limited liability company is termed "društvo