BCL_HuG at Duale Hochschule Baden-Württemberg | Flashcards & Summaries

BCL_HuG at Duale Hochschule Baden-Württemberg

Flashcards and summaries for BCL_HuG at the Duale Hochschule Baden-Württemberg

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Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

What is the hierarchy of law for Germany?

Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

What are the two types of law systems?

Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

What is a company in Germany?
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Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

What is a business in legal perspective?

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What is a general definition of a business?

Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

How is an activity that is carried out in the context of the business enterprise characterised?

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What is a GmbH?
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Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

What does limited liability mean?

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Who have control in a GmbH?

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What is an UG?

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What is an AG?
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What are the three branches of government?(separation of power)

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Exemplary flashcards for BCL_HuG at the Duale Hochschule Baden-Württemberg on StudySmarter:

BCL_HuG

What is the hierarchy of law for Germany?
EU laws and regulations - Federal level - Bundesland - Local level

BCL_HuG

What are the two types of law systems?
Common law and civil law.

BCL_HuG

What is a company in Germany?
A company is any entity that engages in business. A company is an association by agreement between two or more persons formed for the purpose of a common business goal or undertaking to which every partner contributes.

BCL_HuG

What is a business in legal perspective?
A business in the legal sense is any permitted, independent, outwardly identifiable, profit-making and permanent activity, for own account, with the exception of primary production, liberal professions (freie Berufe), the management of personal property and artistic and scientific activities.

BCL_HuG

What is a general definition of a business?
In principle, any economic activity that is carried out permanently on one's own responsibility and for one's own account for the purpose of making a profit is a business

BCL_HuG

How is an activity that is carried out in the context of the business enterprise characterised?
The activity that is carried out in the context of the business enterprise must be characterized by a plan, regularity and certain durability. This means that only occasional or even unique activities are not covered by the trade term. Regularly could also refer to recurring seasonal business activities, eg ice cream parlours during summer, beach clubs or outdoor ice skating rinks.

BCL_HuG

What is a GmbH?
A private limited company (Gesellschaft mit beschränkter Haftung, GmbH) is a private company that is limited by shares. The company has its own legal personality.

BCL_HuG

What does limited liability mean?
In the cases of company failure, the company’s liability is restricted to its assets and shareholders’ liability is limited to the amount of share capital invested. Shareholders’ personal property is protected.

BCL_HuG

Who have control in a GmbH?
The shareholders of a GmbH have direct control over the directors. The shareholders can choose to create a supervisory board and are required to do so once the number of employees reaches a certain level.

BCL_HuG

What is an UG?
An Unternehmergesellschaft (UG) is a sub-category of the German private limited company (GmbH). It is a start-up model designed to make the formation of a private limited company easier and less risky for entrepreneurs

BCL_HuG

What is an AG?
A public limited company (Aktiengesellschaft) is a German company which can trade on the stock market and offer its shares to the public.

BCL_HuG

What are the three branches of government?(separation of power)
1.Executive
2.Judiciary
3.Legislative

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BC at

Universität Düsseldorf

Bch at

University of Zurich

BCM at

Université de Pau et des Pays de l'Adour

BCMB at

FOM Hochschule für Oekonomie & Management

human biology at

Medical University Varna

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