Encyclopedia > Gesellschaft mit beschränkter Haftung
Gesellschaft mit beschränkter Haftung (GmbH) is a type of business structure in Germany, Austria and Switzerland similar to a limited liability company (LLC) in the United States. Other abbreviations with the same meaning include GesmbH (more common in Austria), mbH when the term Gesellschaft is part of the company name and also gGmbH (gemeinnützige GmbH) for nonprofit companies e.g. hospitals or nursing homes. A Limited liability company (denoted by L.L.C. or LLC) is a type of legal entity which has only relatively recently been made possible to establish in the United States and many other, mainly anglophone, countries. ...
The literal translation of the term in English is company with limited liability. The English language is a West Germanic language that originates in England. ...