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 obligations within the limit of their contribution to social capital. The minimum start capital is 200 RON which currently amounts to less than €50. In Russia and certain other former Soviet countries, an entity with a somewhat similar structure is known as (Obshchestvo s ogranichennoy otvetstvennost'yu) (lit., "company with limited liability"), usually abbreviated OOO, or in some CIS countries as OcOO. Although a Russian limited liability company shares the same name with an American LLC, it is different in many ways. Most importantly, a Russian LLC is not tax transparent: the company is taxed at the corporate level, and then,