Gōshi gaisha

A gōshi gaisha (合資会社) is a type of "unlimited liability" incorporation under the Companies Act of Japan, but its structure is similar to that of a limited partnership.[1] Unlike the other types of corporate structure (gōdō gaisha and kabushiki gaisha), there is no limit on what a general partner (無限責任社員, mugen sekinin shain) of the company is legally responsible for.[2]

Structure

In a gōshi gaisha, partners are divided into two categories: (1) a general partner who has unlimited liability similar to a partner in a general partnership and (2) a limited partner who has limited liability only up to the amount he has invested in the partnership (limited partner).[2] All partners are still directly liable to creditors of the partnership, and thus partners can still be sued individually (direct liability).[2]

References

  1. ^ Campbell, Dennis (2009-12-01). Comparative Law Yearbook of International Business. Kluwer Law International B.V. p. 151. ISBN 978-90-411-2801-0.
  2. ^ a b c "合名・合資会社の長所＆短所" [Pros and cons of gōmei gaisha and gōshi gaisha]. Kokohore! [ココホレ！] (in Japanese). 2020-05-13. Retrieved 2020-06-26.


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