What is GmbH (Gesellschaft mit beschr?¤nkter Haftung) ?

Gesellschaft mit beschr?¤nkter Haftung (GmbH) is a type of business structure in Germany, Austria and Switzerland similar to a limited liability company (LLC) in the United States. Other abbreviations with the same meaning include GesmbH (more common in Austria), mbH when the term Gesellschaft is part of the company name and also gGmbH (gemeinn??tzige GmbH) for nonprofit companies e.g. hospitals or nursing homes.

The literal translation of the term in English is company with limited liability.