Gesellschaft mit beschränkter Haftung
Gesellschaft mit beschränkter Haftung, literally 'limited-liability company' ([ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ], abbreviated GmbH [ɡeːʔɛmbeːˈhaː] in Germany, Switzerland and Liechtenstein, and as Ges.m.b.H. in Austria), is a type of legal entity. In the French-speaking part of Switzerland, this is equivalent to a société à responsabilité limitée (Sàrl) and in the Italian-speaking part, a Società a garanzia limitata (Sagl). It is an entity broadly equivalent to the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes that the owners (Gesellschafter, also known as members) of the entity are not personally liable or credible for the company's debts.