Almost every third new corporation in Germany is already registered as a Limited (Ltd.). The classic GmbH now faces strong competition, characterized by low founding costs and new liability regulations. As a result, consulting on tax matters is becoming increasingly important to protect clients from surprises. This work addresses all relevant practical tax questions, explains the founding process compared to the GmbH, outlines the internal organization of a Limited from the Director to the branch office, discusses the advantages and disadvantages in liability law for shareholders and Directors, provides an outlook on the Ltd. & Co. KG, and addresses insolvency issues. Numerous advisory notes, examples, forms, and design tips for the articles of association make this work a genuine tool for assistance.