assets | liabilities
Bank: EUR 100,000 | Equity A: EUR 50,000
Equity B: EUR 50,000
assets | liabilities
Bank: EUR 165.000
Notebook: EUR 5,000 | Equity A: EUR 75,000
Equity B: EUR 95,000
assets | liabilities
Bank: EUR 100,000 | Equity I A: EUR 50,000
Equity I B: EUR 50,000
EC II A: EUR 0,00
EC II B: EUR 0,00
In the case of partnerships such as GbR, OHG and KG, the taxation is “on the bottom line” as in the individual company. However, there are many special features to consider. They result from the fact that several shareholders with individual deposits, possibly profit shares and withdrawals are involved in the partnership. We therefore look at how a multi-account model solves these problems and why it is common in practice!
In the balance sheet of a sole proprietorship is the item “Equity”, usually on the credit side. For the rare case of negative equity, this slips to the debit side. Since a partnership – insofar as it accounts – also draws up its profit determination according to §§ 4 (1), (5) EStG and the principles of the Commercial Code (HGB) or the balance sheet, there are no differences to the individual company in this respect.
A partnership also has equity on the credit side, which shows the net assets of the company. According to § 121 (2) HGB, at least one capital account must be maintained for each shareholder, on which profits and losses are recorded. The problem now is that without a multi-account model – once profits or losses have been made – is not (any longer) recognizable,
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.