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 that extends to all of his/her property, including private one. The Danish form of the LLC is the "kommanditselskab" (K/S). There is no minimum capital requirements. In a K/S there are two types of shareholders, the "komplementar" which is fully liable, and the "kommanditist" which liability is limited. The K/S is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. Dominican Republic legislation contemplates LLCs as "Sociedad de Responsabilidad Limitada", also known by their abbreviation "S.R.L.;; S.R.L.s award limited liability to their members up to their contribution in the company (i.e., contribution of capital).