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• Merger of two or more already existing stock corporations.The SE must be registered with the Commercial Register with minimum share capital of120.000 Euro. Shareholders are not subject to any personal liability for the SE and theirduties are limited to paying the contributions owed. A SE in Germany can choose betweentwo different ways of structure: It may either opt for the English single board systemor the German dualistic system (management board and supervisory board). Therefore,a SE with its headquarters in Germany may opt for the English board system.However, what is also special about a SE is the fact that it is entitled to relocate its principleplace of management and its registered office to another EU member state. As a resultof that, a SE provides high flexibility for future developments and allows companiesto unify their structures across European boundaries. It is therefore especially suitable forbusinesses with operations in multiple EU countries.6. PartnershipsThere are two types of Partnerships:• Limited partnership (Kommaditgesellschaft, KG)• General Commercial Partnership (Offene Handelsgesellschaft, oHG)The main difference between these two forms of partnerships is in the liability of its partners.oGeneral Commercial Partnership (Offene Handelsgesellschaft oHG)An oHG is a typical business entity for small and medium sized companies.Even though an oHG does not have a legal personality it is treated as an independententity to the extent that it can acquire rights, enter into engagements and appear in courtproceedings. In order to found an oHG two or more people have to conclude a partnershipagreement (a one-man oHG is not permitted.) The oHG has to be registered withthe Commercial Register and the local trade office. Furthermore, the General CommercialPartnership arises upon signing of the partnership agreement by the partners andstart of business activity. As a result, its formation does not directly depend on the registrationas such. All partners are jointly and severally liable for the oHG's debts and liabilities.oLimited Partnership (Kommaditgesellschaft, KG)21