Business, tax and trades
KG
Abbreviation for Kommanditgesellschaft
In short and in plain language
A KG is a German limited partnership.
Some partners are liable in full. Others are liable just for what they put in.
Often a limited company is the one that is liable in full.
Definition
A KG is a German limited partnership in which some partners are fully liable and others only up to their contribution. It is often set up as a GmbH & Co. KG, where a limited company is the fully liable partner.