The Gesellschaft mit beschränkter Haftung (GmbH - Private Limited Company) is the most popular organizational form for businesses in Germany – numbering almost one million entities in 2007. The GmbH is not only popular for entrepreneurs, but also serves a role in corporate groups and can be more or less easily upgraded to an Aktiengesellschaft (AG - public corporation). Nevertheless, few changes have been made since its inception in the late 19th century, leading to complex case law that would most certainly put a smile on the face of any corporate lawyer. The Gesetz zur Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen (MoMiG - Law for the Modernization of the GmbH and to Combat its Abuse), the most fundamental reform of the German GmbH, tries to replace much of that case law with statutory rules, while also eliminating certain formalities.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.