Tax, law and standards
KG
Abbreviation for Kommanditgesellschaft
In short and in plain language
A KG is a form of business partnership in Germany.
Some partners are liable with their own money. The other partners are only liable with the money they put in.
Definition
A KG is a German limited partnership, in which general partners with personal liability and limited partners with restricted liability work together. In a GmbH & Co. KG, a limited liability company takes the role of the general partner.