A Kommanditgesellschaft (abbreviated KG, pronounced [kɔmanˈdɪtɡəˌzɛlʃaft]; from Kommandite + Gesellschaft) is the German name for a limited partnership business entity and is used in German, Belgian, Dutch, Austrian, and some other European legal systems.
Its name derives from the commenda, an early Italian medieval form of limited partnership.
In Indonesia, it is legally called commanditaire vennootschap (CV) or Persekutuan Komanditer, derived from colonial Dutch administration.
For example, a Gesellschaft mit beschränkter Haftung & Compagnie KG (GmbH & Co. KG) is a limited partnership with, typically, the sole general partner being a limited liability company.
A Private Foundation (Privatstiftung) constitutes a conglomeration of property having legal personality but no shareholders; its activities involve managing its own funds and assets for the beneficiaries.