Gesellschaft mit beschränkter Haftung

Gesellschaft mit beschränkter Haftung (pronounced [gəˈzɛlʃaft mɪt bəˈʃʁɛŋktɐ ˈhaftʊŋ], abbreviated GmbH [geː ʔɛm beː haː], in Austria also GesmbH or Ges.m.b.H.), which is German for "company with limited liability", is a type of legal entity very common in Germany, Austria, Switzerland and Liechtenstein. The name of the GmbH form emphasizes the fact that the owners (Gesellschafter, also known as members) of the entity are not personally liable for the company's debts.GmbHs are considered legal persons under German and Austrian law. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.

The GmbH has become the most common corporation form in Germany, since the AG (Aktiengesellschaft), the other major company form corresponding to a stock corporation, was much more complicated to form and operate until recently.

History

The laws governing this type of legal entity were adopted in Germany in 1892, and in Austria in 1906. The concept of limited liability created by these laws inspired the legal establishment of the limited liability company form in other countries, although the concept of a limited liability company already existed in the United Kingdom.

Luxury

Luxury may refer to:

Music

Luxury (Fantastic Plastic Machine album)

Luxury is the second album by Fantastic Plastic Machine. It is the follow-up to his first album, The Fantastic Plastic Machine (1997). Luxury is a continuation of his previous work in Shibuya-kei, though in some tracks there are indications of a shift towards house music and 1970s Philadelphia soul, a path he explored more in his next album, beautiful.. "There Must Be an Angel (Playing With My Heart)", is a cover version of a Eurythmics song. Vocals on this version are performed by Lorraine Bowen. Her vocals also appear on the track "Bossa for Jackie".

Track listing

Japanese, Korean and Taiwanese version

US and European version

On the US and European release, the tracks and the track order are different:

Luxury (Georgia band)

Luxury is a rock band from Toccoa, Georgia that began playing together as The Shroud at Toccoa Falls College in the early 1990s. They changed their name just before signing with Tooth & Nail Records and releasing their debut album, Amazing And Thankyou, which was one of the few non-hardcore releases on the label at the time.

Luxury toured extensively in the months following Amazing And Thankyou's release, until late 1995, when a bad highway collision between touring engagements resulted in most members of the band being hospitalized. Consequently, they took a year-long hiatus, then went back on tour to support their second album, The Latest & The Greatest, though with fewer dates than initially anticipated. After growing more and more unhappy with the continually waning resources and promotion provided them by Tooth & Nail, they opted (in 1997) not to renew their contract with the label, and instead released their third album, self-titled Luxury, in 1999 on Bulletproof Records, a smaller and more artist-friendly label. Soon after, Luxury broke up, and the band members went their separate ways.