General Partnership

Only private entrepreneurs and/or commercial organizations may be participants of GPs. An individual may participate in the creation of a GP only if this individual is registered as an entrepreneur. Individuals and/or legal entities may only participate in one GP. Participants bear joint subsidiary liability for the partnership’s debts with their property. The profits and losses of a GP are allocated among the participants in proportion to their shares in the charter capital. If, due to losses incurred, the GP’s net assets decrease below its charter capital, no earnings distribution may occur until the net assets exceed the charter capital.