Gesellschaft mit Beschraenkter Haftung

Gesellschaft mit beschränkter Haftung (GmbH) is a type of legal entity  very common in Germany (where it was created in 1892), Austria (adopted in 1906), Switzerland, and other Central European countries. It is governed by a federal law called "GmbH-Gesetz" (GmbH law) [1] [2].Literally translating as company with limited liability, the concept mit beschränkter Haftung inspired the creation of the limited liability company form in other countries. 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. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.
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limited company, company limited by guarantee, commercial company whose assets are separate from the owners' assets, company that in the event of its breakup its owners will be responsible for its debts in an amount that was determined in advance

In Germany, Switzerland and Austria, a limited liability company in which the liability of the members is limited to amounts of agreed contributions or as stipulated in the Articles of Association.