{"id":1488,"date":"2013-07-24T09:18:21","date_gmt":"2013-07-24T07:18:21","guid":{"rendered":"http:\/\/blog.startups.ch\/en\/?p=1488"},"modified":"2014-03-25T11:34:39","modified_gmt":"2014-03-25T09:34:39","slug":"the-duties-of-a-company-member-in-a-gmbh","status":"publish","type":"post","link":"https:\/\/blog.startups.ch\/en\/the-duties-of-a-company-member-in-a-gmbh\/","title":{"rendered":"The duties of a company member in a GmbH"},"content":{"rendered":"<h2>In the following article we will touch upon the responsibilities and duties of business partners in a limited liability company (GmbH).<!--more--><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-11672\" title=\"duties of a partner\" alt=\"Pflichten des Gesellschafters\" src=\"https:\/\/i0.wp.com\/blog.startups.ch\/wp-content\/uploads\/2012\/07\/Fotolia_43009286_S.png?resize=690%2C356\" width=\"690\" height=\"356\" data-recalc-dims=\"1\" \/><\/p>\n<p><strong>Duties of the partner in a GmbH<\/strong><\/p>\n<p>Aside from a number of similarities their are a few key differences between limited liability companies and public limited companies. When looking at the legal obligations of individual members one will notice that the shareholders of a public limited company principally have no obligation vis-a-vis the company with the exception of paying-in their share capital. The legal provisions covering public limited companies therefore seems insufficient to govern entrepreneurs who work together with a guarantee of non-competition among their partners. The GmbH allows one to easily create a legal entity like a corporation to a company.<\/p>\n<p><strong>Individual duties<\/strong><\/p>\n<p>The duties of a partner in a GmbH are as follows: Just like the shareholder, the partner has a duty to provide the paid-in capital, as determined by the ownership of capital stock. The partner, unlike the shareholder, has a duty of loyalty to the company. Statues may even go as far as to codify non-competition clauses to ensure loyalty . Legal provisions regarding this can be found in Art. 776a of the Swiss Code of Obligations (OR). Additionally, it is possible to agree upon certain expanded duties.<br \/>\nArt. 795 OR codifies the duty of subsequent capital contributions. In other words, it can be required that if business is not running well that the partners have a duty to pay in more capital. Art 795a OR foresees that the company&#8217;s executive should decide if such renewed capital injection is necessary. This obligation for renewed capital is not a obligation vis-a-vis third parties. The duty for capital increase is, however, not unlimited. Art. 795 Para. 2 outlines that a renewed capital increase cannot exceed twice the nominal value of the initial capital contribution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the following article we will touch upon the responsibilities and duties of business partners in a limited liability company (GmbH).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[6],"tags":[15,16,30],"jetpack_publicize_connections":[],"aioseo_notices":[],"views":3636,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p54Pb1-o0","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/1488"}],"collection":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/comments?post=1488"}],"version-history":[{"count":7,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/1488\/revisions"}],"predecessor-version":[{"id":1639,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/1488\/revisions\/1639"}],"wp:attachment":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/media?parent=1488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/categories?post=1488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/tags?post=1488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}