Forming a general partnership (KlG) Welcome to Nexova AG – your trusted partner on the way to setting up a general partnership in Switzerland From idea to realization – Whether you are setting up a new company, expanding an existing company or simply considering a change of legal form, Nexova is your competent partner More than just a service provider – At Nexova, we believe that successful business start-ups are based on strong partnerships Book a call Our Prices No hidden or additional costs With accounting subscription LLC FromCHF 490.– Notary fees included What is included Personal legal advice Formulation of the company purpose Company name review Preparation of the founding documents Preparation of the statutes Notary fees Registration in the Commercial Register VAT advice Additional costs Commercial register fee Qualified electronic signature Book a call Public Corporation FromCHF 490.– Notary fees included What is included Personal legal advice Formulation of the company purpose Company name review Preparation of the founding documents Preparation of the statutes Notary fees Registration in the Commercial Register VAT advice Additional costs Commercial register fee Qualified electronic signature Book a call Sole Proprietorship FromCHF 190.– Notary fees included What is included Personal legal advice Formulation of the company purpose Company name review Preparation of the founding documents Notary fees Registration in the Commercial Register VAT advice Additional costs Commercial register fee Qualified electronic signature Book a call Easily calculate the cost of your accounting here. Prices *without accounting subscription: CHF 490.– ** without accounting subscription: CHF 190.– Our mission: Your success Nexova AG sees itself not just as a service provider, but as your partner. Your goals are our goals. Your challenges are our challenges. And your success is our success. As part of the Nexova family, you can rely on us to do everything we can to turn your vision into reality. Book a free initial consultation with our experts. Book a call Basics of the KlG A general partnership is a form of company in which two or more natural persons jointly manage a company. The unlimited, joint and several liability of the partners is particularly important: each partner is liable not only with the company’s assets, but also with his or her private assets. This form of company does not require a minimum capital contribution and is characterized by its simple formation and flexible structure. The company is founded by means of a partnership agreement, which should be set out in writing, even if this is not required by law. Entry in the commercial register is mandatory for a general partnership. However, the commercial general partnership already exists from the time the partnership agreement is concluded. Pros and cons at a glance The advantages and disadvantages of a general partnership are complex: Advantages Simple formation and administration: no minimum capital required; fewer formal requirements compared to corporations. Flexible decision-making: Decisions can be made quickly and unbureaucratically. Direct profit sharing: Each shareholder benefits directly from the company’s success. Personal cooperation: Close cooperation promotes innovation and commitment. Disadvantages Unlimited personal liability: Partners are liable for the company’s liabilities with their personal assets. Dependence on the partnership: Success and stability depend heavily on the cooperation of the shareholders. Complexity in the event of conflicts: Personal and business relationships can become complicated in the event of disagreements. Succession planning: The transfer of business shares or succession planning can be challenging. Easily calculate the cost of your accounting here. Prices Requirements for the formation of a general partnership If you want to set up a general partnership, the following requirements must be met: At least two partners The formation of a general partnership requires that at least two or more natural persons are involved. Choice of company name The partners must agree on a common company name. In addition to the legally prescribed content, the company name of the general partnership may also contain information about the persons, the activity of the company or fantasy names, provided these are true, cannot cause deception and are not contrary to the public interest. Partnership agreement Although a written partnership agreement is not required by law, it is strongly recommended. It regulates the rights and obligations of the shareholders, the management and the distribution of profits. Entry in the commercial register As soon as the company operates an externally visible business, entry in the commercial register is required. Obligation to keep accounts Depending on the turnover, the company is obliged to keep accounts. Simple bookkeeping (Milchbüchli invoice) is sufficient up to CHF 500,000. From CHF 500,000, double-entry bookkeeping is required (balance sheet, income statement and notes). Book a free initial consultationwith our experts. Book a call The path to formation Forming a general partnership (KlG) in Switzerland is a structured process that requires careful planning and knowledge of the Swiss legal system. Nexova AG offers you comprehensive support. Preparation: business idea and business plan First of all, it is important to clearly formulate your business idea and draw up a detailed business plan. This should contain information about your business model, target group, marketing and sales strategy as well as detailed financial planning. Step 1: Choosing the legal form and company name The choice of legal form and company name is crucial. Nexova helps you to find the right legal form and checks the desired company name. Step 2: Articles of association and shareholder contributions Unlike the AG, the KlG does not require a minimum capital contribution, but the shareholders should make contributions, be it in the form of capital, labor or services. A partnership agreement that defines the shareholders’ contributions, rights and obligations is essential. Step 3: Registration in the commercial register Registration in the commercial register is necessary to legally establish the KlG. Nexova supports you in preparing all the necessary documents and guides you through the entire registration process. This structured approach ensures that your company is built on a solid legal foundation. Easily calculate the cost of your accounting here. Prices How we support you with company formation Nexova offers comprehensive support when setting up a general partnership in Switzerland: Advice and strategy Our experts will help you formulate your business idea and draw up a solid business plan. We advise you on choosing the right legal form and reviewing your company name and support you in making strategic decisions. Administration and bureaucracy Nexova takes care of all administrative tasks, from drawing up the founding documents to registration in the commercial register, to save you the bureaucratic effort of founding a company in Switzerland. After the foundation We offer further support for young companies, such as outsourcing your accounting, to give you more time for the core aspects of your business. Our team takes care of accounting processes, payroll and tax returns to manage your finances efficiently. Book a free initial consultation with our experts. Book a call Why Nexova AG is your ideal partner Nexova AG is more than just a service provider, we are a partner who supports and accompanies you on your path to success. Experience and expertise With our many years of experience and in-depth knowledge of the Swiss business and legal system, we are ideally equipped to support you at every step of the start-up process. We are familiar with the challenges and pitfalls that can arise when setting up a general partnership in Switzerland and know how to overcome them successfully. Personal service At Nexova AG, you are not a number. We take the time to get to know you and your business in order to provide you with a customized service that meets your specific needs and goals. Our team is always available to answer your questions and help you with your concerns. Flexibility and adaptability We understand that no two companies and entrepreneurs are the same. That’s why we customize our services and approach to meet your specific needs and goals. At the same time, we are flexible enough to adapt to changes in your business or in the market. Easily calculate the cost of your accounting here. Prices Join us and start your entrepreneurial journey today We invite you to join us and take the first step on your journey to setting up a limited liability company in Switzerland. Contact us today to learn more about our services and to schedule a free initial consultation. The Nexova AG team looks forward to meeting you and guiding you on your path to success. Book a free initial consultation with our experts. Book a call Are you setting up a general partnership? Let us work together. Book a call