To what extent is a partnership liable to its creditors?
The liability of a partnership depends on the type of partnership involved: 2.1. civil law association (GbR): In a civil law association, not only the partners themselves but the association in its own right are able to acquire rights and create obligations. The association can sue in a court and be sued as well. As a result, the civil law association with its partnership assets as well as the partners with their private assets are liable to the association’s creditors. A judgment against the association is sufficient for the enforcement against the association’s and the partners’ assets. There is no need to obtain a judgment against all partners. 2.2. open trading partnership (OHG): In an open trading partnership, all partners are personally liable to the partnership’s creditors. 2.3. limited partnership (KG): In a limited partnership, at least one of the partners, the general partner, is liable to the creditors without limitation and at least on eof the partners, the limited partner,
