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	<title>House evaluation | Lukinski</title>
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		<title>Selling a shopping centre in an A-B-C location: commercial property, land and procedure &#8211; Guidebook</title>
		<link>https://lukinski.com/selling-a-shopping-centre-in-an-a-b-c-location-commercial-property-land-and-procedure-guidebook/</link>
		
		<dc:creator><![CDATA[L_kinski]]></dc:creator>
		<pubDate>Sun, 30 May 2021 17:12:14 +0000</pubDate>
				<category><![CDATA[Guide]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Sell]]></category>
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					<description><![CDATA[Shopping mall selling &#8211; Shopping behavior is changing. More and more people order items, no matter if clothes, accessories, furniture or even other knick-knacks on the internet, on online shops. Inner cities, the most expensive shopping streets, but also life in small towns is changing. Accordingly, the fluctuation in shopping centers is just as, smaller [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Shopping mall selling &#8211; Shopping behavior is changing. More and more people order items, no matter if clothes, accessories, furniture or even other knick-knacks on the internet, on online shops. Inner cities, the most expensive shopping streets, but also life in small towns is changing. Accordingly, the fluctuation in shopping centers is just as, smaller and smaller. If you find yourself in the unfavourable situation of thinking about selling your property or shopping centre, you will find some initial information here. A little insight on the subject of <a href="https://lukinski.de/selling-commercial-property-procedure-brokers-and-property-types/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gewerbeimmobilie-verkaufen-ablauf-makler-und-immobilientypen/" data-id="43762">selling commercial property</a>.</p>
<h2>Discreet, anonymous selling: shopping mall</h2>
<p>You are probably looking for a reputable office or a real estate agent that will put your shopping center on the market discreetly and anonymously.</p>
<blockquote><p>Do you want everyone to know about the sale and your asset growth?</p></blockquote>
<p>Selling anonymously means selling <a href="https://lukinski.com/off-market-real-estate-sell-buy-apartment-house-discreet-anonymous/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/off-market-immobilienmakler-wohnung-haus-mehrfamilienhaus-anonym-und-diskret-verkaufen/" data-id="29609">off market</a>, with a specialist estate agency.</p>
<p>This means that in the off market you specifically address private investors and buyers, well-known families, their family offices, real estate funds in Germany and abroad. Depending on the group of buyers or the specific buyer for whom the special offer is most interesting.</p>
<p>In the very first step, only one person learns about the sale. The majority of properties are sold immediately, discreetly and anonymously, without any other person or institution knowing about it. The basis for this is of course always a solid valuation.</p>
<blockquote><p>Creditworthiness, financial proof, purchase offer, all this is often available within 14 to 30 days.</p></blockquote>
<p>Thus, we act as a real estate agency quite differently than the classic real estate agent, through which otherwise typical condominiums, townhouses and single-family homes are sold.</p>
<blockquote><p>With us, marketing does not go broad, but extremely specific to individuals who are known from the personal network.</p></blockquote>
<p>This extremely accelerates the sale of real estate. Especially due to the shortage of supply. This exclusivity also allows new leeway in negotiations.</p>
<h2>Location, location, location: A, B or C</h2>
<p>Location is what counts when selling real estate. Of course, this also applies to shopping centres. Therefore, a <a href="https://lukinski.com/real-estate-evaluate-factors-on-line-free-of-charge-flat-house-multi-family-house/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilie-bewerten-faktoren-online-kostenlos-wohnung-haus-mehrfamilienhaus/" data-id="30172">property valuation</a> is not as simple and typical as it would be for a house or apartment building.</p>
<p>Other factors also play a role in the sale of shopping malls. For example, a central and important value factor for the property is the development and forecast for the location, in micro-location and macro-location. What opportunities does the location offer as it is and if it is further developed?</p>
<p>Initial Value Factors:</p>
<ul>
<li>Location, substance, figures and letting</li>
<li>Development / forecast for microlocation</li>
<li>Development / forecast for macro location</li>
</ul>
<p>Tip. Value factor underground parking.</p>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-40953" src="https://lukinski.de/wp-content/uploads/2021/05/einkaufszentrum-verkaufen-gewerbe-immobilie-immobilien-hamburg-architektur-lukinski.webp" alt="" width="1200" height="794" /></p>
<p>Underground, above ground, there are a few factors to consider besides the property and the substance.</p>
<p>Accordingly, the asking price is not calculated as usual from the factors: location, size and layout. Forecasts for the future are also a value factor for shopping centres. Of course, as well as the current tenant situation, existing contracts and so on.</p>
<p>Accordingly, the sale is more complex in the whole subject.</p>
<h2>Selling real estate: 1&#215;1 for sellers</h2>
<p>For all those selling your first property, for example through an impromptu inheritance, here&#8217;s another article that summarizes selling real estate in simple steps.</p>
<h3>Procedure, controls and errors&#8230;</h3>
<p>How does a real estate sale typically go? If you own a shopping center, you&#8217;re usually familiar with trading real estate. But sometimes it comes unexpectedly, as through a <a href="https://lukinski.com/real-estate/heritage/" data-type="page" data-origin="de" data-origin-url="https://lukinski.de/immobilien/erbe/" data-id="43766">real estate inheritance</a>.</p>
<p>Not everyone anticipates the death of a loved one in advance, sometimes even an unknown person. If there is no direct descendant, many choose the children of siblings, or closer relatives.</p>
<h3>Real estate sale in detail</h3>
<p>First-time sellers have many, basic questions:</p>
<ul>
<li>What is the process for selling real estate?</li>
<li>What do you start with, what do you need?</li>
<li>How long does it take?</li>
<li>Who is the right contact person?</li>
</ul>
<p>For all these questions and of course much more, e.g. <a href="https://lukinski.com/15-mistakes-when-selling-real-estate-house-apartment-valuation-credit-rating-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/15-fehler-immobilienverkauf-bewertung-bonitaet-wohnung-haus-tipps-insider/" data-id="45143">mistakes when selling real estate</a> but also the <a href="https://lukinski.de/sell-property-taxes-apartment-house-land-speculation-tax-checklist-more/" data-type="post" data-id="45138">taxes</a> that come to you as a seller, we have answers here. Read our big guide on the subject:</p>
<ul>
<li><a href="https://lukinski.com/sell-real-estate-property-condo-house-apartment-buildings/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilie-verkaufen-wohnung-haus-villa-mehrfamilienhaus-ablauf-kosten-tipps/" data-id="29641">Real estate sale: procedure, taxes and mistakes</a></li>
</ul>
<h3>Sell commercial property</h3>
<p>This little guide is a bit more advanced. Here you will learn a few more basics about commercial real estate and of course various aspects of the sale.</p>
<ul>
<li><a href="https://lukinski.de/selling-commercial-property-procedure-brokers-and-property-types/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gewerbeimmobilie-verkaufen-ablauf-makler-und-immobilientypen/" data-id="43762">Sell commercial property</a></li>
</ul>
<p><a href="https://lukinski.de/selling-commercial-property-procedure-brokers-and-property-types/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gewerbeimmobilie-verkaufen-ablauf-makler-und-immobilientypen/" data-id="43762"></a></p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Partnership limited by shares (KGaA) &#8211; formation, management, liability &#038; Co</title>
		<link>https://lukinski.com/partnership-limited-by-shares-kgaa-formation-management-liability-co/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Tue, 16 Mar 2021 21:03:39 +0000</pubDate>
				<category><![CDATA[Finances]]></category>
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		<category><![CDATA[Raising equity]]></category>
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		<category><![CDATA[Risk minimization]]></category>
		<category><![CDATA[Separation principle]]></category>
		<category><![CDATA[Share capital]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[Statutes]]></category>
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					<description><![CDATA[Kommanditgesellschaft auf Aktien (KGaA) &#8211; The Kommanditgesellschaft auf Aktien is a German legal form which combines the corporate legal form of the Kommanditgesellschaft (KG) with a conventional Aktiengesellschaft (AG). Thereby the greatest advantages of both legal forms &#8211; the separation between full partner &#038; capital provider typical for the KG plus the limitation of liability [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Kommanditgesellschaft auf Aktien (KGaA) &#8211; The Kommanditgesellschaft auf Aktien is a German legal form which combines the corporate legal form of the Kommanditgesellschaft (KG) with a conventional Aktiengesellschaft (AG). Thereby the greatest advantages of both legal forms &#8211; the separation between full partner &#038; capital provider typical for the KG plus the limitation of liability of the AG &#8211; intertwine and enable an innovative, new form of organization for start-ups. You want to <a href="https://lukinski.com/founding-a-company-real-estate-procedure-costs-requirements-legal-forms-7-step-checklist/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste/" data-id="45259">found</a> your own (real estate) <hiddenlink href="https://lukinski.de/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste/">company</hiddenlink>? Here you can find all types of companies and <a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-id="39941">legal forms</a> in Germany.</p>
<h2>Partnership limited by shares (KGaA) &#8211; formation, financing, liability &#038; Co</h2>
<p>The partnership limited by shares &#8211; abbreviation: KGaA &#8211; is a relatively unknown form of corporate law and is formed as a hybrid of the conventional limited partnership &#8211; short: Kommandite or KG &#8211; plus the classic stock corporation &#8211; short: AG. Both the Kommandite and the AG belong to the so-called complete companies and are therefore primarily subject to the German Commercial Code (HGB). The limited partnership belongs beyond that however to the partnerships and has no own legal personality. The stock corporation, on the other hand, is probably the best-known corporation of all and is primarily committed to share trading.</p>
<p>The KGaA adopts the best features of both legal forms: it takes a stock corporation as its basic structure and supplements it with the structure of general partners and limited partners that is characteristic of the KG. Thus, the entrepreneurial management &#8211; similar to the AG &#8211; is divided into different bodies, whereas the liability risk is distributed among at least one personally liable partner and the remaining partners in the amount of their capital contribution. Although the partnership limited by shares is a limited partnership in name and suggests the legal status of a partnership, beware: it is in fact a corporation by virtue of its legal form, including its own legal personality!</p>
<p>Other typical corporations:</p>
<ul>
<li><a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern" data-id="45176">Stock corporation (AG)</a></li>
<li><a href="https://lukinski.de/societas-europaea-se-gruendung-recht-steuern-vorteile-co/">European Company</a> (Societas Europaea, abbreviated to SE)</li>
<li><a href="https://lukinski.de/unternehmergesellschaft-ug-haftungsbeschraenkt-gruendung-finanzierung-haftung-co/">Entrepreneurial company</a> / UG (limited liability)</li>
<li><a href="https://lukinski.com/limited-liability-company-gmbh-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-mit-beschraenkter-haftung-gmbh-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45253">Limited liability company (GmbH)</a></li>
</ul>
<h3>Corporation KGaA &#8211; Stock Corporation Act §§ 278 &#8211; 290 &#038; §§ 161 &#8211; 177a German Commercial Code (HGB)</h3>
<p>In principle, the legal basis for partnerships limited by shares is the German Stock Corporation Act (Aktiengesetz, AktG), more precisely: paragraphs 278 to 290, where, among other things, the nature of the KGaA is defined. For the legal position of the individual partners, on the other hand, reference is made to the applicable provisions for conventional limited partnerships, which are found in the German Commercial Code (HGB) &#8211; sections 161 to 177a.</p>
<p>Excerpt from the law &#8211; § 278 AktG:</p>
<blockquote><p>(1) A partnership limited by shares is a company with its own legal personality in which at least one partner has unlimited liability to the company&#8217;s creditors (general partner) and the others have an interest in the share capital divided into shares without being personally liable for the company&#8217;s obligations (limited shareholders).<br />
(2) The legal relationship of the general partners among themselves and vis-à-vis the entirety of the limited liability shareholders as well as vis-à-vis third parties, namely the authority of the general partners to manage and represent the partnership, shall be determined in accordance with the provisions of the Commercial Code on limited partnerships.<br />
(3) In all other respects, the provisions of the First Book concerning the stock corporation shall apply mutatis mutandis to the partnership limited by shares, unless otherwise provided for in the following provisions or in the absence of a management board.</p></blockquote>
<h3>Kommanditgesellschaft auf Aktien &#8211; International distribution of the legal form</h3>
<p>The partnership limited by shares &#8211; abbreviated to KGaA &#8211; is where the legal form of a stock corporation and the typical features of a limited partnership meet. The resulting hybrid of a corporation and partnership features has so far been rather rare in Germany, although interest has been slowly but steadily increasing since the end of the 1990s. The partnership limited by shares also appears internationally, for example as a &#8220;commercial partnership limited by shares&#8221; in English-speaking countries or as a &#8220;société en commandite par actions&#8221; in France.</p>
<p>International distribution of the KGaA:</p>
<ul>
<li>Anglophone region: Commercial partnership limited by shares</li>
<li>Belgium: Commanditaire vennootschap op aandelen (CommVA)</li>
<li>Denmark: Partnerselskab (P/S) or Kommanditaktieselskab</li>
<li>Germany: partnership limited by shares (KGaA)</li>
<li>France: Société en commandite par actions (SCA)</li>
<li>Italy: Società in accomandita per azioni (S. a. p. A. / S. A. A.)</li>
<li>Iceland: Samlagshlutafélag (slhf.)</li>
<li>Netherlands: Commanditaire vennootschap (CV)</li>
<li>Poland: SpóÅka Komandytowo-Akcyjna (S. K. A.)</li>
<li>Portugal: Sociedade em Comandita por acções (SCA)</li>
<li>Spain: Sociedad comanditaria por acciones</li>
</ul>
<p><img decoding="async" class="alignnone size-full wp-image-25100" src="https://lukinski.de/wp-content/uploads/2020/06/dream-global-real-estate-investment-trust-aktie-realtime-aktienkurs-analyse-news-exklusives-buero-gebaude-immobilie.jpg" alt="" width="1280" height="853" /></p>
<h3>Legal form variant Kapitalgesellschaft &#038; Co KGaA &#8211; General partner as legal entity</h3>
<p>Sometimes different corporations also appear in combination with a partnership limited by shares (KGaA). For example, family businesses occasionally organise themselves as a Gesellschaft mit beschränkter Haftung &amp; Compagnie Kommanditgesellschaft auf Aktien &#8211; in short: GmbH &amp; Co KGaA. In this case, they form a stock corporation in the legal sense &#8211; however, the general partner as personally liable shareholder is not just any natural person, but specifically a limited liability company (GmbH). If the general partner is instead embodied by an AG, it is referred to as an AG &amp; Co KGaA, and in the case of a Societas Europaea, as an SE &amp; Co KGaA.</p>
<p>More about the individual hybrid forms:</p>
<ul>
<li>GmbH &#038; Co KGaA &#8211; see <a href="https://lukinski.com/limited-liability-company-gmbh-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-mit-beschraenkter-haftung-gmbh-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45253">limited liability company</a> (GmbH)</li>
<li>AG &#038; Co KGaA &#8211; see <a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45176">stock corporation</a> (AG)</li>
<li>SE &#038; Co KGaA &#8211; see <a href="https://lukinski.de/societas-europaea-se-gruendung-recht-steuern-vorteile-co/">Societas Europaea</a> (SE)</li>
</ul>
<p>CEWE Stiftung &amp; Co. KGaA is a special case: In this company, the general partner is embodied by a foundation. In principle, the partnership limited by shares is possible in all conceivable combinations, as GUB Investment Trust KGaA points out as an example.</p>
<p>Continue reading here on the topic of setting up a family foundation:</p>
<ul>
<li><a href="https://lukinski.com/familienstiftungen-explained-german-real-estate-how-tax-tricks-guide/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/familienstiftung-gruenden-immobilien-steuern-koerperschaftssteuer-mieteinnahmen/" data-id="31311">Establish a family foundation</a></li>
</ul>
<h3>Foundation, company name &#038; organs of a KGaA</h3>
<p>The formation process of a partnership limited by shares is based on the formation process of stock corporations. Accordingly, a KGaA is considered a legal entity and can only participate in legal transactions through its executive bodies. Unlike the conventional stock corporation, however, this legal form does not provide for a management board as the governing body, so that the governing bodies of a KGaA are limited to the general meeting &#8211; consisting of the total of the limited liability shareholders &#8211; and the supervisory board. The management authority and the power to represent the company externally are incumbent on the general partners as personally liable partners.</p>
<p>You can find out here how the process of founding an AG works in detail:</p>
<ul>
<li>Formation of a <a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45176">public limited company</a></li>
</ul>
<p><a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45176"><img decoding="async" src="https://lukinski.de/wp-content/uploads/2021/02/firma-unternehmen-immobilie-ag-aktiengesellschaft-besprechungsraum-meeting-off-market-immobilien-bauherren-investoren-trueber-tag-berlin-nebel-hochaus.jpg"/></a></p>
<p>A personally liable partner can be either a natural person or a legal entity, which limits his liability to the business assets of the corporation and cleverly avoids personal liability. The limited partners or limited shareholders can also be natural persons or legal entities and are in any case only liable to the extent of their respective share contribution.</p>
<p>To set up your KGaA, you also need the following in brief: a tax identification number (tax ID); the confirmation of registration from the Trade Licensing Office; the shareholders&#8217; agreement aka articles of association together with notarial certification; 50,000 euros of share capital; and finally the entry in the Commercial Register under the company name you have chosen plus the legal form suffix &#8220;KGaA&#8221;.</p>
<p>Examples of KGaA companies:</p>
<ul>
<li>Merck KGaA</li>
<li>MERKUR PRIVATBANK KGaA</li>
</ul>
<h4>Limited partner &#038; general partner: A question of liability</h4>
<p>What is a limited partner and general partner? This is a question many people ask themselves when they first hear about the special characteristics of a limited partnership. This is because, unlike all other partnerships, the partners in a limited partnership are clearly divided into general partners and limited partners. Therefore, a single individual or legal entity can never be a general partner and a general partner at the same time.</p>
<p>Usually, general partners are the personally liable partners of a limited partnership. In a partnership limited by shares, too, a distinction is made between general partner and limited partner, the latter being contextually referred to as limited shareholder. The general partner bears the full risk as a general partner: as with the conventional KG, he is also jointly and severally liable, directly and without limitation with business assets and private assets. The liability risk of the limited shareholders, on the other hand, is limited only to the amount of the mandatory sum that they paid in as a limited partner contribution in the form of shares when the KGaA was formed.</p>
<h3>Financing &#038; profit distribution</h3>
<p>The financing of a KGaA is advantageous compared to the conventional limited partnership, as equity capital can be raised more easily. Overall, as with the AG, a share capital of 50,000 euros or more is required. With regard to the distribution of profits and loss sharing, there are no special regulations compared to the conventional KG: Either the legal principles come into play or corresponding specifications have been anchored in the articles of association. Profits are distributed in principle to 4 per cent of the capital share plus additional profit &#8220;in the appropriate relationship&#8221;. Losses are also shared appropriately.</p>
<h3>Taxes for company &#038; shareholder: separation principle &#038; transparency principle</h3>
<p>Like all other forms of corporate law, the partnership limited by shares is generally liable to pay taxes. It is considered an independent tax subject with regard to corporate income tax and trade tax; all natural persons in the partnership are usually subject to income tax.</p>
<p>Due to its hybrid form, however, special regulations apply to the KGaA under tax law: the taxation of the company itself is based on the separation principle, the taxation of the limited liability shareholders is also based on the separation principle and the taxation of the general partners is compulsorily based on the transparency principle. In the case of taxable turnover, the KGaA is always subject to turnover tax.</p>
<ul>
<li><a href="https://lukinski.de/gewerbesteuer-gewst/">Trade tax (GewSt)</a></li>
<li><a href="https://lukinski.de/umsatzsteuer-ust/">Value added tax (VAT)</a></li>
<li><a href="https://lukinski.de/einkommensteuer-est/">Income tax (ESt)</a></li>
<li><a href="https://lukinski.de/koerperschaftsteuer-kst/">Corporate income tax (KSt)</a></li>
</ul>
<p><img decoding="async" class="alignnone size-full wp-image-38294" src="https://lukinski.de/wp-content/uploads/2021/03/koerperschaftssteuer-kst-erklaerung-unterlagen-dokumente-ug-gmbh-rechner-gewerbesteuer-formular-buero-schreibtisch-auswertung-analyse-jahr-rendite.jpg" alt="" width="1200" height="794" /></p>
<h4>Taxation of the KGaA &#8211; separation principle</h4>
<p>As a corporation and legal entity, the partnership limited by shares is generally subject to corporate income tax. Insofar as the KGaA exercises its management and/or its registered office in Germany, it is deemed to be subject to unlimited corporate income tax and must pay tax on its entire global income accordingly. In the case of foreign management and/or foreign registered office with domestic income &#8211; for example from a domestic permanent establishment &#8211; the KGaA is deemed to have limited tax liability.</p>
<p>The profit of a KGaA is determined by means of a comparison of business assets. For the taxable income, on the other hand, a special provision applies with regard to deductible expenses, which is anchored in the German Corporate Income Tax Act (Körperschaftsteuergesetz, KStG) &#8211; the corporate income tax of the KGaA therefore only applies where income is attributable to the share capital, i.e.: the profit shares of the limited liability shareholders. The profit shares of the general partners as well as their management remuneration are deducted in advance and can be deducted as operating expenses. They do not come into play in the calculation of the KGaA&#8217;s income, but must be taxed by the general partners themselves.</p>
<p>Excerpt from the law &#8211; Section 9 (1) no. 1 KStG:</p>
<blockquote><p>in the case of partnerships limited by shares and comparable corporations, that part of the profit which is distributed to personally liable partners on their contributions not made to the share capital or as remuneration (bonus) for management;</p></blockquote>
<p>The KGaA must pay trade tax as an entrepreneur, regardless of its hybrid structure. Thus, the determined profit from business operations &#8211; increased and decreased by the amounts specified in the Trade Tax Act (GewSt) &#8211; is understood as the trade income of the KGaA. The amounts previously calculated for corporate income tax purposes for profit shares and management remuneration of the general partners are now added back to the calculated profit from business operations, thereby ensuring that no amounts escape taxation through trade tax.</p>
<h4>Taxation of the limited liability shareholders of the KGaA &#8211; separation principle</h4>
<p>As natural persons, limited shareholders do not have to pay corporate income tax. Therefore, their profit shares and any management remuneration are settled via the partnership limited by shares itself. Like their counterparts in the conventional limited partnership, they are subject to income tax in the event of a dividend distribution. If they hold limited partnership shares as private assets, they generate income from capital assets in accordance with the German Income Tax Act (EStG).</p>
<h4>Taxation of the general partners of the KGaA &#8211; separation principle</h4>
<p>General partners are taxed like co-entrepreneurs for the purposes of tax law. In this context, they are not to be regarded as co-entrepreneurs, but merely treated as co-entrepreneurs &#8211; a small but significant difference&#8230; especially in terms of &#8220;taxes&#8221;! As natural persons, general partners are subject to income tax as normal and must pay tax on their income from business operations.</p>
<p>In contrast to the limited liability shareholders, general partners are required to pay corporate income tax: Their profit shares and any management remuneration are deducted from the KGaA&#8217;s income to be determined and charged directly to the general partners. The corresponding amounts must be taxed as part of the income tax return.</p>
<h2>Partnership limited by shares (KGaA) &#8211; For whom is it worthwhile?</h2>
<p>The possibility of easy capital procurement is certainly one of the reasons for founders of new businesses to opt for the formation of a KGaA. In addition, the partnership limited by shares has a high resistance to takeovers, which is why the individual partners can contribute personally and maintain their entrepreneurial commitment despite high capital contributions. The sometimes high liability risk of the general partner can be absorbed by the clever positioning of a GmbH or AG as a personally liable partner.</p>
<p>So who is the partnership limited by shares suitable for? This legal form is worthwhile for start-ups that cannot avoid external financing, but do not want to make any concessions with regard to their decision-making authority as well as the management of their company. The special legal form of the KGaA provides family businesses with a company in which control does not have to be transferred to outside hands as soon as share capital is issued as shares.</p>
<h2>Alternatives to the KGaA: Legal forms in Germany</h2>
<p>Legal forms &#8211; What types of company are there? If you want to start your first company, then choosing the ideal legal form is one of the first steps in the process of setting up a company. Whether it&#8217;s a special real estate company or a start-up, I&#8217;ve summarized all the types of companies in Germany for you here.</p>
<ul>
<li><a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/rechtsformen-firma-unternehmen-immobilien-gbr-kg-gmbh-ag-co-vergleich-vorteile-steuern/" data-id="39941">Legal forms: List</a></li>
</ul>
<p><a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/rechtsformen-firma-unternehmen-immobilien-gbr-kg-gmbh-ag-co-vergleich-vorteile-steuern/" data-id="39941"><img decoding="async" src="https://lukinski.de/wp-content/uploads/2020/02/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste-gesellschafter-beratung-start-startkapital-finanzierung.jpg"/></a></p>
<p>Company types in detail:</p>
<ul>
<li><a href="https://lukinski.de/?p=34039" data-type="post" data-id="34039">Sole proprietorship</a></li>
<li><a href="https://lukinski.com/registered-businessman-registered-businesswoman-e-k-foundation-financing-liability-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/eingetragener-kaufmann-eingetragene-kauffrau-e-k-gruendung-finanzierung-haftung/" data-id="45151">Registered businessman / registered businesswoman (e. K.)</a></li>
<li><a href="https://lukinski.com/civil-law-partnership-gbr-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-buergerlichen-rechts-gbr-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45277">Civil law partnership (GbR)</a></li>
<li><a href="https://lukinski.com/general-partnership-ohg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/offene-handelsgesellschaft-ohg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45276">General partnership (OHG)</a></li>
<li><a href="https://lukinski.com/limited-partnership-kg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/kommanditgesellschaft-kg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45266">Limited partnership (KG)</a></li>
<li><a href="https://lukinski.com/unternehmergesellschaft-ug-haftungsbeschraenkt-foundation-financing-liability-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/unternehmergesellschaft-ug-haftungsbeschraenkt-gruendung-finanzierung-haftung/" data-id="45157">Entrepreneurial company (UG)</a></li>
<li><a href="https://lukinski.com/limited-liability-company-gmbh-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-mit-beschraenkter-haftung-gmbh-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45253">GmbH: Limited liability company</a></li>
<li><a href="https://lukinski.com/immobilien-gmbh-german-real-estate-loophole-leasing-guide/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilien-gmbh-vermoegensverwaltende-gmbh-vorteile-nachteile-kosten-immobilienkauf/" data-id="31308">Real estate GmbH / Asset management GmbH</a></li>
<li><a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45176">Stock corporation (AG)</a></li>
<li><a href="https://lukinski.com/real-estate-stock-corporation-reit-ag-real-estate-management-stock-exchange-listing/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilienaktiengesellschaft-reit-ag-immobilienbewirtschaftung-boersennotierung/" data-id="45167">Real estate stock corporation (REIT-AG)</a></li>
<li><a href="https://lukinski.com/societas-europaea-se-formation-law-taxes-advantages-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/societas-europaea-se-gruendung-recht-steuern-vorteile/" data-id="45212">Societas Europaea (SE)</a></li>
<li><a href="https://lukinski.com/familienstiftungen-explained-german-real-estate-how-tax-tricks-guide/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/familienstiftung-gruenden-immobilien-steuern-koerperschaftssteuer-mieteinnahmen/" data-id="31311">Foundation / Family Foundation</a></li>
</ul>
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		<title>GmbH &#038; Co KG &#8211; Foundation, Management, Liability &#038; Co</title>
		<link>https://lukinski.com/gmbh-co-kg-foundation-management-liability-co/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Thu, 11 Mar 2021 14:03:18 +0000</pubDate>
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					<description><![CDATA[GmbH &#038; Co KG &#8211; The GmbH &#038; Co KG is a German legal form which combines the corporate legal form of the limited partnership (KG) with a limited liability company (GmbH). Thus, the greatest advantages of both legal forms &#8211; the separation between general partner &#038; capital provider typical for the KG plus the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>GmbH &#038; Co KG &#8211; The GmbH &#038; Co KG is a German legal form which combines the corporate legal form of the limited partnership (KG) with a limited liability company (GmbH). Thus, the greatest advantages of both legal forms &#8211; the separation between general partner &#038; capital provider typical for the KG plus the limitation of liability of the GmbH &#8211; intertwine and enable an innovative, new form of organization for start-ups. Learn everything important about it here! In addition, you will find all German company types and <a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/rechtsformen-firma-unternehmen-immobilien-gbr-kg-gmbh-ag-co-vergleich-vorteile-steuern/" data-id="39941">legal forms</a>, as well as tips for <a href="https://lukinski.com/founding-a-company-real-estate-procedure-costs-requirements-legal-forms-7-step-checklist/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste/" data-id="45259">founding a company</a>, including the special case of real estate GmbH, family foundation &#038; Co.</p>
<h2>GmbH &#038; Co KG &#8211; formation, financing, liability &#038; Co</h2>
<p>The limited partnership &#8211; in short: Kommandite or KG &#8211; is one of the so-called complete companies and, as a partnership, is subject to the German Commercial Code (HGB). The formation process for this legal form of company is quite uncomplicated, as it can be formed informally and requires a minimum of only two founding members. It can be formed by both natural persons and legal entities. A maximum number of permissible shareholders is not specified by law.</p>
<p>If all general partners of a KG consist of limited liability companies (GmbH), they form a so-called Gesellschaft mit beschränkter Haftung &amp; Compagnie Kommanditgesellschaft &#8211; called GmbH &amp; Co KG for short. Such a GmbH is sometimes also referred to as a general partner GmbH, but beware: the general partner GmbH is a corporation and part of the GmbH &amp; Co KG, while the GmbH &amp; Co KG by virtue of its legal form is always a partnership!</p>
<p>Other typical partnerships:</p>
<ul>
<li><a href="https://lukinski.com/limited-partnership-kg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/kommanditgesellschaft-kg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45266">Limited partnership (KG)</a></li>
<li><a href="https://lukinski.com/general-partnership-ohg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/offene-handelsgesellschaft-ohg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45276">General partnership (OHG)</a></li>
<li>Limited Liability Company and Compagnie General Partnership<a href="https://lukinski.com/gmbh-co-ohg-formation-management-liability-co/">(GmbH &#038; Co OHG</a>)</li>
</ul>
<h3>Foundation &#038; Company Name</h3>
<p>Two persons are required for the formation of a GmbH &amp; Co KG: The GmbH as full partner &#8211; i.e. general partner &#8211; and a natural person as partial partner &#8211; called limited partner. If you are starting from scratch, you must first establish a limited liability company in preparation. To do this, you need the following in a nutshell: a natural person or legal entity as the founder of the company; a tax identification number (tax ID); the confirmation of registration from the trade office; the shareholders&#8217; agreement aka articles of association together with notarial certification; 25,000 euros in share capital; and finally the entry in the commercial register.</p>
<p>You can find out how the process of setting up a GmbH works in detail here:</p>
<ul>
<li>Establishment of a <a href="https://lukinski.com/limited-liability-company-gmbh-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-mit-beschraenkter-haftung-gmbh-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45253">limited liability company (GmbH)</a></li>
</ul>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-36473" src="https://lukinski.de/wp-content/uploads/2021/02/einkaufszentrum-verkaufen-gewerbe-immobilie-immobilien-hamburg-architektur-lukinski.webp" alt="" width="1200" height="786" /></p>
<p>You have successfuly founded your GmbH? The limited partner is ready to go? Then the next step is to set up a limited liability company (Gesellschaft mit beschränkter Haftung &amp; Compagnie Kommanditgesellschaft). Since the GmbH &amp; Co KG is a separate company, you again need a tax ID and must register the company with the trade office. The establishment of articles of association is also mandatory and of course your company needs a suitable company name including the company suffix &#8220;GmbH &amp; Co KG&#8221;.</p>
<h3>Management &#038; power of representation</h3>
<p>As a general partner, the GmbH basically has power of representation in the external relationship. However, since a GmbH is a legal entity, the management authority is entrusted to a natural person. This may be a shareholder of the general partner GmbH or the position may be assigned externally to a so-called third-party managing director. In this case, there is often talk of a third party board of directors or external board of directors.</p>
<p>Alternatively, limited partners may also act as managing directors, provided they are expressly appointed to this body. Since limited partners are generally excluded from management, their management authority in this case is, however, limited to the right of objection in the case of extraordinary transactions.</p>
<h3>Profit distribution &#038; loss sharing</h3>
<p>With regard to the distribution of profits and the sharing of losses, either the statutory principles come into play or corresponding specifications have been anchored in the articles of association. Profits are generally distributed at 4 percent of the capital share plus additional profit &#8220;in reasonable proportion&#8221;. Losses are also shared appropriately.</p>
<p>It is possible to completely exclude the general partner GmbH from the distribution of profits by means of a declaration in the shareholders&#8217; agreement, whereby higher profits can be distributed to the investors. Insofar as the GmbH has inherent management authority, it can be paid an appropriate remuneration to compensate for its role as managing director, whereby a managing director&#8217;s remuneration cannot be deducted in total as a business expense for tax purposes. However, the remuneration is paid irrespective of the profits generated and thereby has the effect, if applicable, that the entire company can save taxes.</p>
<h3>General partner, partial partner &#038; tax liability</h3>
<p>Usually, the general partners of a limited partnership are liable without limitation and jointly and severally &#8211; i.e. with their business assets plus private assets. If, on the other hand, the general partner of a KG appears in the form of a limited liability company (GmbH), he is liable as a legal entity only to the extent of the GmbH&#8217;s capital contribution. Limited partners are liable &#8211; as in the case of a conventional KG &#8211; only to the extent of the mandatory sum that they paid in as a limited partner&#8217;s contribution when the GmbH &amp; Co KG was founded.</p>
<p>Like all other legal forms of companies, the Gesellschaft mit beschränkter Haftung &amp; Compagnie Kommanditgesellschaft is generally liable to pay taxes. First and foremost, they are subject to trade tax and &#8211; in the case of taxable turnover &#8211; turnover tax. A GmbH &amp; Co KG is generally exempt from income tax and corporation tax&#8230; However, profit income is still subject to taxation: corporation tax is applied to the profit share of the general partner GmbH, whereas limited partners must pay income tax on their profit.</p>
<ul>
<li><a href="https://lukinski.de/gewerbesteuer-gewst/">Trade tax (GewSt)</a></li>
<li><a href="https://lukinski.de/umsatzsteuer-ust/">Value added tax (VAT)</a></li>
<li><a href="https://lukinski.de/einkommensteuer-est/">Income tax (ESt)</a></li>
<li><a href="https://lukinski.de/koerperschaftsteuer-kst/">Corporate income tax (KSt)</a></li>
</ul>
<p>Tip. All taxes for companies in one list:</p>
<ul>
<li><a href="https://lukinski.com/taxes-in-germany-income-tax-corporate-tax-capital-gains-tax-trade-tax-co-list/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/steuern-deutschland-einkommensteuer-koerperschaftsteuer-kapitalertragsteuer-gewerbesteuer-liste/" data-id="45145">Taxes in Germany</a></li>
</ul>
<h2>GmbH &#038; Co KG &#8211; For whom is it worthwhile?</h2>
<p>A significant advantage of a GmbH &amp; Co KG is undoubtedly the limitation of liability to the business assets of the general partner GmbH. This means that founders do not directly risk the existence of their company if an investment turns out to be disadvantageous, and they can quickly increase their equity capital through the flexible and simple admission of new limited partners. They can confidently outsource the organisational effort and the management to an outside body or make deviating succession arrangements in order to maintain the GmbH &amp; Co KG.</p>
<p>So who is the GmbH &amp; Co KG suitable for? This legal form is worthwhile for start-ups who would like to set up their business as a partnership without having to forego the special liability restrictions of a GmbH. A GmbH &amp; Co KG is also conceivable as an asset-managing company and for family businesses.</p>
<h2>Alternatives to the GmbH &#038; Co KG: Legal forms in Germany</h2>
<p>Legal forms &#8211; What types of company are there? If you want to start your first company, then choosing the ideal legal form is one of the first steps in the process of setting up a company. Whether it&#8217;s a special real estate company or a start-up, I&#8217;ve summarized all the types of companies in Germany for you here.</p>
<ul>
<li><a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/rechtsformen-firma-unternehmen-immobilien-gbr-kg-gmbh-ag-co-vergleich-vorteile-steuern/" data-id="39941">Legal forms: List</a></li>
</ul>
<p><a href="https://lukinski.com/legal-forms-company-enterprise-real-estate-gbr-kg-gmbh-ag-co-comparison-advantages-and-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/rechtsformen-firma-unternehmen-immobilien-gbr-kg-gmbh-ag-co-vergleich-vorteile-steuern/" data-id="39941"><img decoding="async" src="https://lukinski.de/wp-content/uploads/2020/02/firma-gruenden-immobilien-ablauf-kosten-voraussetzungen-rechtsformen-schritte-checkliste-gesellschafter-beratung-start-startkapital-finanzierung.jpg"/></a></p>
<p>Company types in detail:</p>
<ul>
<li><a href="https://lukinski.com/einzelunternehmen-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-type="post" data-id="34039">Sole proprietorship</a></li>
<li><a href="https://lukinski.com/registered-businessman-registered-businesswoman-e-k-foundation-financing-liability-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/eingetragener-kaufmann-eingetragene-kauffrau-e-k-gruendung-finanzierung-haftung/" data-id="45151">Registered businessman / registered businesswoman (e. K.)</a></li>
<li><a href="https://lukinski.com/civil-law-partnership-gbr-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-buergerlichen-rechts-gbr-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45277">Civil law partnership (GbR)</a></li>
<li><a href="https://lukinski.com/general-partnership-ohg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/offene-handelsgesellschaft-ohg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45276">General partnership (OHG)</a></li>
<li><a href="https://lukinski.com/limited-partnership-kg-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/kommanditgesellschaft-kg-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45266">Limited partnership (KG)</a></li>
<li><a href="https://lukinski.com/unternehmergesellschaft-ug-haftungsbeschraenkt-foundation-financing-liability-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/unternehmergesellschaft-ug-haftungsbeschraenkt-gruendung-finanzierung-haftung/" data-id="45157">Entrepreneurial company (UG)</a></li>
<li><a href="https://lukinski.com/limited-liability-company-gmbh-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/gesellschaft-mit-beschraenkter-haftung-gmbh-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45253">GmbH: Limited liability company</a></li>
<li><a href="https://lukinski.com/immobilien-gmbh-german-real-estate-loophole-leasing-guide/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilien-gmbh-vermoegensverwaltende-gmbh-vorteile-nachteile-kosten-immobilienkauf/" data-id="31308">Real estate GmbH / Asset management GmbH</a></li>
<li><a href="https://lukinski.com/stock-corporation-ag-formation-liability-legal-form-management-taxes/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/aktiengesellschaft-ag-gruenden-haftung-rechtsform-geschaeftsfuehrung-steuern/" data-id="45176">Stock corporation (AG)</a></li>
<li><a href="https://lukinski.com/real-estate-stock-corporation-reit-ag-real-estate-management-stock-exchange-listing/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/immobilienaktiengesellschaft-reit-ag-immobilienbewirtschaftung-boersennotierung/" data-id="45167">Real estate stock corporation (REIT-AG)</a></li>
<li><a href="https://lukinski.com/societas-europaea-se-formation-law-taxes-advantages-co/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/societas-europaea-se-gruendung-recht-steuern-vorteile/" data-id="45212">Societas Europaea (SE)</a></li>
<li><a href="https://lukinski.com/familienstiftungen-explained-german-real-estate-how-tax-tricks-guide/" data-type="post" data-origin="de" data-origin-url="https://lukinski.de/familienstiftung-gruenden-immobilien-steuern-koerperschaftssteuer-mieteinnahmen/" data-id="31311">Foundation / Family Foundation</a></li>
</ul>
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		<title>Real estate market: House and apartment prices rise in Wiesbaden-Erbenheim</title>
		<link>https://lukinski.com/real-estate-market-house-and-apartment-prices-rise-in-wiesbaden-erbenheim/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Sun, 29 Sep 2019 18:29:25 +0000</pubDate>
				<category><![CDATA[Broker]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Sell]]></category>
		<category><![CDATA[Breeding]]></category>
		<category><![CDATA[Caravan]]></category>
		<category><![CDATA[Certificate]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Discretion]]></category>
		<category><![CDATA[Height]]></category>
		<category><![CDATA[House evaluation]]></category>
		<category><![CDATA[House number]]></category>
		<category><![CDATA[Material value]]></category>
		<category><![CDATA[Prefabricated house]]></category>
		<category><![CDATA[Prevention]]></category>
		<category><![CDATA[Real estate value]]></category>
		<category><![CDATA[Redevelopment]]></category>
		<category><![CDATA[Vacation]]></category>
		<guid isPermaLink="false">https://lukinski.de/real-estate-market-house-and-apartment-prices-rise-in-wiesbaden-erbenheim/</guid>

					<description><![CDATA[What can be observed throughout the Rhine-Main region also applies to Wiesbaden-Erbenheim: property prices continue to rise. With an increase of around 20% on the previous year, the Wiesbaden district is right at the top of the list. For all those who want to sell their house, flat or property here, this is a real [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>What can be observed throughout the Rhine-Main region also applies to <a href="https://lukinski.com/sell-real-estate-discreetly-in-wiesbaden-condominiums-or-apartment-buildings/" data-type="post" data-origin="de" data-origin-url="/?p=3021" data-id="44209">Wiesbaden-Erbenheim</a>: property prices continue to rise. With an increase of around 20% on the previous year, the Wiesbaden district is right at the top of the list. For all those who want to sell their house, flat or property here, this is a real advantage! The expert team of Lukinski will show you what is important for a successful house sale. As a discreet broker for Wiesbaden and the Rhine-Main region, Sebastian Mathias von Lukinski proceeds somewhat differently than the usual brokers. Because especially in the heated market it is important to keep a cool head.</p>
<h2>Discretion when selling a house &#8211; the basis for success</h2>
<p>A lot helps a lot: according to this motto, most private house sellers act and place their object not only in every regional advertising journal, but also on all relevant sales portals. A fatal mistake is that in the eyes of the <a href="https://lukinski.com/off-market-real-estate-sell-buy-apartment-house-discreet-anonymous/" data-type="post" data-origin="de" data-origin-url="/?p=11871" data-id="29609">Diskret broker Sebastian Mathias.</a> His recipe is the successful sale of real estate almost under exclusion of the public. What sounds like a contradiction, makes sense on closer inspection. Because a discreet broker works with these means:</p>
<ul>
<li>Discreet realtors from Lukinski sell your house with absolute discretion</li>
<li>Lukinski&#8217;s discreet brokers do without the usual Internet portals for real estate offers</li>
<li>Diskret-Makler vonLukinski have an extensive prospective customer file</li>
<li>Lukinski&#8217;s discreet brokers often ensure a quicker sale of your property.</li>
<li>Discreet brokers from Lukinski sell real estate of all types and sizes</li>
<li>Lukinski&#8217;s discreet brokers work even if the seller lives abroad</li>
</ul>
<p><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-11903" src="https://lukinski.de/wp-content/uploads/2020/02/makler-hausverkauf-verkauf-wohnung-bewertung-diskretion-anonym-immobilienmakler-haus-vertrag-bauschild.jpg" alt="" width="300" height="163" /></p>
<p>With the &#8220;secret sale&#8221; &#8211; as this method has long been known in the international real estate business &#8211; the seller can also be sure of achieving top prices for his property. The focused working method of the discreet broker usually also ensures a quick conclusion of the sale.</p>
<h2>Valuing real estate: How to determine the correct house value</h2>
<p>The success of your home sale depends largely on the right asking price. If the price is too high, it will scare off prospective buyers. Prospective buyers are more likely to become sceptical if the price is too cheap for the region of the property. The basis for a realistic selling price is a home appraisal. This works with Lukinski simply, fast and free of charge for the salesman. So that a realistiscer offer price develops, some important things must be considered by the real estate expert however. In addition belong for instance also situation and equipment of the house. Taste does not play a role. With a correct real estate evaluation only the facts count.</p>
<h2>When does a home appraisal make sense?</h2>
<p>&#8220;What is my house worth?&#8221; is what everyone who wants to sell their property wants to know. A professional house valuation is also particularly useful if the property is to be inherited or has been inherited. There it concerns then namely around the height of the inheritance tax. If you want to know how the value of your property is developing, you can also commission a valuation. The official statistics usually only give a rough overview of the price development in the region. Particularly important for the valuation in Erbenheim: What influence do traffic connections to the motorway network and public transport have on the value of the property? And: How does aircraft noise from Frankfurt influence the value?</p>
<p><a href="https://de.statista.com/statistik/daten/studie/70265/umfrage/haeuserpreisindex-in-deutschland-seit-2000/" rel="nofollow"><img decoding="async" style="width: 100%; height: auto !important; max-width: 1000px; -ms-interpolation-mode: bicubic;" src="https://de.statista.com/graphic/1/70265/haeuserpreisindex-in-deutschland-seit-2000.jpg" alt="Statistik: Entwicklung der Hauspreise in Deutschland in den Jahren von 2000 bis 2018 (2015 = Index 100) | Statista"/></a></p>
<p>You can find more statistics at <a href="https://de.statista.com" rel="nofollow">Statista</a></p>
<h2>All this affects the value of a house</h2>
<ol>
<li><strong>Location of the property</strong> The macro-location (region as a whole) and the micro-location (direct residential environment, distance to schools, doctors, shopping facilities).</li>
<li><strong>Equipment</strong> What building materials were used; size of the living area; size of the plot; presence of a private garden; equipment that increases the residential value.</li>
<li><strong>Condition in general </strong> Energy efficiency class; Degree of modernisation of the building services; Degree of renovation of the interior and exterior of the house in general.</li>
</ol>
<p><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-8191" src="https://lukinski.de/wp-content/uploads/2019/08/haus-sanierung-umbau-okologisch-co2-steuer-sparen-isolierung-ratgeber-steuern-nachrichten.jpg" alt="" width="300" height="150" /></p>
<h2>This is how the house valuation works</h2>
<ul>
<li>Describe your property. Is it a single-family house or an apartment building? What is the layout of the property? The size of the plot and the living space are important, as well as the year of construction and the date of past renovations. Attention: Have invoices ready!</li>
<li>Schedule an on-site appointment. Lukinski&#8217;s real estate experts will evaluate your information and arrange a personal on-site appointment. This is the only way to get a comprehensive view of the property.</li>
<li>After a comprehensive price analysis, you will receive a dossier with the optimum sales price for your property in line with the market.</li>
</ul>
<h2>Home appraisals homemade or from realtor?</h2>
<p>In principle, every homeowner can determine the value of their property themselves. There is no obligation to have this done by an expert. The reason why the house is to be valued plays an important role in choosing the right way.</p>
<p>A so-called &#8220;full expert opinion&#8221; can only be made by an officially appointed and sworn expert. For example, if ownership is to be clarified for court proceedings, in the case of compulsory auctions or an insurance claim. Also divorces or separations often lead to a valuation in a full appraisal. In the context of loans with banks or for tax issues with the tax office, an official expert is also usually necessary for real estate valuation. The costs are about 0.5% of the determined value.</p>
<p>Architects or civil engineers can also be used as valuers for real estate. However, it is important to clarify in advance what costs will be charged for the valuation. The valuation by an estate agent, on the other hand, is free of charge. Only with successful sales of the house the premium agreed upon before between by the broker in the contract becomes due. So far, it is borne either in full or in half by the buyer.</p>
<p><iframe loading="lazy" style="overflow: hidden; padding: 0px; margin: 0px;" src="https://www.miet-check.de/iframe_mietspiegel2.php?ort_id=2574&amp;utm_source=Website&amp;utm_medium=IFrame_Mietspiegel&amp;utm_campaign=Wiesbaden" width="500" height="245px;" frameborder="0" scrolling="no" loading="lazy"></iframe></p>
<p>If you want to value your property yourself, you need to consider a few things. First of all, there is the emotional connection of the owner to his property. It usually leads to a value being set too high. Immoblien sales in the immediate vicinity can help to get a first estimate of the house value. The own valuation is usually sufficient if you just want to get a feeling for the value of your own property without concrete intentions to sell. A <a href="https://www.capital.de/immobilien-kompass/wiesbaden/erbenheim" target="_blank" rel="noopener noreferrer">real estate compass</a> with average information on purchase and rental prices can also help here, for example.</p>
<p>&nbsp;</p>
<h2>Conclusion: Let the expert evaluate when prices rise</h2>
<p>Perhaps the increase in house prices in Wiesbaden-Erbenheim will soon come to an end. When is the right time to sell the house, only the seller himself determines. However, the advice of an experienced real estate expert from Lukinski can always help to determine the right selling price. Especially in regions with enormous increases in real estate, the agent has the cool head to not overshoot the mark. In the end, the expert also knows the prices of the entire region, has an expert eye for the condition of the house and knows the wishes of the possible buyers. In this way, every home seller is sure to get the truly optimal value for their property during the appraisal.</p>
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		<item>
		<title>The Top 7 &#8211; Lamps &#038; Light in Düsseldorf</title>
		<link>https://lukinski.com/the-top-7-lamps-light-in-duesseldorf/</link>
		
		<dc:creator><![CDATA[Laura]]></dc:creator>
		<pubDate>Sun, 11 Aug 2019 16:00:17 +0000</pubDate>
				<category><![CDATA[Furnishing]]></category>
		<category><![CDATA[Guide]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Conflict of loyalties]]></category>
		<category><![CDATA[Court]]></category>
		<category><![CDATA[Disagreement]]></category>
		<category><![CDATA[House evaluation]]></category>
		<category><![CDATA[Light source]]></category>
		<category><![CDATA[Probate Court]]></category>
		<category><![CDATA[Room]]></category>
		<guid isPermaLink="false">https://lukinski.de/the-top-7-lamps-light-in-duesseldorf/</guid>

					<description><![CDATA[Lamps &#38; Light in Düsseldorf &#8211; You are tired of your home always looking the same and you finally want a change? Market guide: property in Düsseldorf. Have you ever thought that you can change not only the wall color, the sofa or the TV wall, but also the lamps? Admittedly, the lamps are not [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Lamps &amp; Light in Düsseldorf &#8211; You are tired of your home always looking the same and you finally want a change? Market guide: <a href="https://lukinski.com/dusseldorf/">property in Düsseldorf</a>. Have you ever thought that you can change not only the wall color, the sofa or the TV wall, but also the lamps? Admittedly, the lamps are not the first thing you want to change if you don&#8217;t feel comfortable. But why you should definitely consider such a change, you will learn in this article.</p>
<h2>Changes due to lamps &#038; light</h2>
<p>As you can see from the title, it&#8217;s not just the lamps in your home that can affect your wellbeing, but also the light. Analyze the light in each room of your apartment or house and check if it is suitable. While bright lights are more suitable for the kitchen or bathroom, &#8220;soft&#8221; lights are more suitable for the bedroom.</p>
<h3>Lamp designs: from vintage to country house</h3>
<p>Whether table, chair or cabinet, there are many different variations, so that there is something for every taste. And it is exactly the same with the lamps. One distinguishes not only between floor and ceiling lamp, because there are also various different styles. While one prefers to live in retro style, someone else burns for life in the classic country style. To help you find the right lamp to suit your needs, we&#8217;ve picked out the best lamp shops in your area. However, if you have demands that aren&#8217;t so easy to meet, you might consider whether building the lamp yourself could be an option. At the very bottom of the article, we&#8217;ve put together a few videos that present ideas.</p>
<h3>Light colors: Influence your well-being</h3>
<p>Not only the design of lamps can influence the well-being, but also different light colors. Technically, a distinction is made between warm white, neutral white and daylight white. While warm white is perceived as cosy, neutral white conveys a businesslike atmosphere and daylight white is suitable for incident light. But which light colour fits best in which room? You should ask yourself this question for each of your rooms. The cosy effect of warm white is often used for the bedroom, neutral white for offices and daylight white for the living room. Now, if you notice that you have a warm white light in the bathroom, then this could be the reason why you don&#8217;t wake up properly in the morning. Small changes can therefore make a big difference.</p>
<h2>Lampen &#038; Licht stores in Düsseldorf: The best recommendations</h2>
<p>You come from Düsseldorf or the surrounding area and are looking for a shop near you that sells lamps and can also advise you well on the subject of lighting? We have picked out the best lighting shops in Düsseldorf for you based on Google reviews. Find your dream lamp, let us advise you or simply inspire you. The right shop near you is sure to be there.</p>
<h3>Leuchten-Center Schwarzmann</h3>
<p>The customers of Leuchten-Center Schwarzmann are enthusiastic about the overall package. In addition to a diverse range and excellent specialist advice, there are also reasonable prices. Some customers also describe a pleasant &#8220;flea market atmosphere&#8221;. Especially if you don&#8217;t have any fixed plans, but just want to &#8220;browse&#8221; a bit, this store could be the right one for you. You can often find just the right lamp if you are not specifically looking for something.</p>
<ul>
<li>Bonner Str. 161<br />
40589 Düsseldorf</li>
<li>Phone: 0211 9764226</li>
<li><a href="https://www.lampenlagerverkauf.de/" target="_blank" rel="noopener noreferrer">Leuchten-Center Schwarzmann Website</a></li>
</ul>
<h3>Preacher Light Advisor</h3>
<p>The lighting store &#8220;Prediger Lichtberater&#8221; has a rating of 4.0 out of 5.0 stars. The customers who have visited this shop are mostly enthusiastic about the expert advice. You can also tell that the staff at this company has a vested interest in customer satisfaction by the fact that they always respond to both positive and negative feedback. So if you are not quite sure which light colour or which lamp design might be right for you, you can get advice here.</p>
<ul>
<li>Tonhallestraße 14-15<br />
40211 Düsseldorf</li>
<li>Phone: 0211 95074522</li>
<li><a href="https://prediger.de/" target="_blank" rel="noopener noreferrer">Preacher Light Consultant Website</a></li>
<li><a href="https://www.instagram.com/prediger.lichtberater/" target="_blank" rel="noopener noreferrer">Preacher Light Advisor Instagram</a></li>
<li><a href="https://www.facebook.com/prediger.lichtberater/" target="_blank" rel="noopener noreferrer">Preacher Light Advisor Facebook</a></li>
</ul>
<h3>Light by Horst</h3>
<p>The lighting shop &#8220;Licht by Horst&#8221; is also very popular in Düsseldorf. Here you not only have the opportunity to find a suitable lamp and get advice, but also the exhibition itself is very special. Should you have antique lamps that you simply want to have refurbished, then you have the rare opportunity to do so here. Often an older lamp becomes a special unique piece through the individual refurbishment.</p>
<ul>
<li>Bilker Str. 16<br />
40213 Düsseldorf</li>
<li>Phone: 0211 365214</li>
<li><a href="https://www.lichtbyhorst.de/" target="_blank" rel="noopener noreferrer">Light by Horst Website</a></li>
</ul>
<h3>Elegance lamps</h3>
<p>Rating: 4.9 / 5.0</p>
<ul>
<li>At the Wehrhahn 54<br />
40211 Düsseldorf</li>
<li>Phone: 0211 352350</li>
<li><a href="https://elegance-lampen-am-wehrhahn-54-dusseldorf.business.site/" target="_blank" rel="noopener noreferrer">Elegance Lamps Website</a></li>
</ul>
<h3>Light in the room Dinnebier GmbH</h3>
<p>Rating: 4.1 / 5.0</p>
<ul>
<li>Count Adolf Street 49<br />
40210 Düsseldorf</li>
<li>Phone: 0211 994000</li>
<li><a href="https://www.licht-im-raum.de/de/home.html" target="_blank" rel="noopener noreferrer">Light in space Dinnebier GmbH Website</a></li>
<li><a href="https://www.facebook.com/LichtimRaum/" target="_blank" rel="noopener noreferrer">Light in Space Dinnbier GmbH Facebook</a></li>
</ul>
<h3>Regent Licht GmbH</h3>
<p>Rating: 5.0 / 5.0</p>
<ul>
<li>Plange Mill 1<br />
40221 Düsseldorf</li>
<li>Phone: 0211 59897210</li>
<li><a href="https://www.regent.ch/" target="_blank" rel="noopener noreferrer">Regent Licht GmbH Website</a></li>
<li><a href="https://www.facebook.com/RegentLightingGlobal/" target="_blank" rel="noopener noreferrer">Regent Light GmbH Facebook</a></li>
<li><a href="https://www.youtube.com/channel/UCR-jD-DVtK8FbuSlh9TRSIQ/videos" target="_blank" rel="noopener noreferrer">Regent Light GmbH</a>YouTube</li>
<li><a href="https://www.instagram.com/regent_lighting/" target="_blank" rel="noopener noreferrer">Regent Light GmbH Instagram </a></li>
</ul>
<h3>Louis Poulsen Germany GmbH</h3>
<p>Rating: 4.5 / 5.0</p>
<ul>
<li>Liesegangstrasse 17<br />
40211 Düsseldorf</li>
<li>Phone: 0211 732790</li>
<li><a href="https://www.louispoulsen.com/en/private" target="_blank" rel="noopener noreferrer">Louis Poulsen Germany GmbH Website</a></li>
</ul>
<h2>Düsseldorf city map for directions</h2>
<p><iframe loading="lazy" style="border: 0;" src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d159868.95489080896!2d6.674267732329441!3d51.23837115009303!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x47b8c97bf1465907%3A0x42760fc4a2a73b0!2sD%C3%BCsseldorf!5e0!3m2!1sde!2sde!4v1562155250636!5m2!1sde!2sde" width="600" height="450" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe></p>
<h2>Make your own lamps: Build, Design &#038; Craft</h2>
<p>You have already searched various shops, but just can not find the right lamp for your home? Have you ever considered building a lamp exactly according to your wishes? If you have artistic skills, time and patience, then this could be an interesting alternative for you. We have found three videos for you that might inspire you. Maybe you are so enthusiastic about one of the ideas that you will implement it directly.</p>
<h3>Macramé lamp</h3>
<p>In this video you will be explained piece by piece how to get this great macramé lamp. To start this idea you do not need many materials. Once you have the described knot technique out, the whole thing will go easily by hand. Since this lamp is not one of the more discreet variants, you should be careful that you do not put too many highlights in your living space, so that the overall picture does not look cluttered. The macramé style fits especially well if the interior is provided with green accents, such as small plants.</p>
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<h3>Vintage lamp</h3>
<p>In contrast to the macramé lamp, this vintage lamp looks rather rustic. Also in this video you will be explained step by step how you can make this lamp yourself. For the implementation is more craftsmanship, rather than sensitivity required. If this lamp fits your interior and you have the necessary materials and tools, then you can get started right away. Since the lamp is relatively eye-catching and large, you should present this on large surfaces.</p>
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<h3>Vintage lamp from old wood</h3>
<p>This vintage lamp made of old wood can significantly influence the atmosphere in a room. Since it is not able to completely fill a room with light, but rather emits warm, cozy light, it is especially suitable for the living room or bedroom. If there is enough space in the bathroom, you can also consider creating a cosy atmosphere in the bathroom.</p>
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