Limited Partnership Company - Kabushiki Goushigaisha

Japanese: 株式合資会社 - かぶしきごうしがいしゃ

A company consisting of unlimited liability partners and limited liability shareholders. Unlimited liability partners are directly and unlimitedly liable to the company's creditors for the company's debts, while shareholders are not directly liable and are only obligated to contribute capital to the company. Because of its complex dual structure, it was not very effective, and there were very few of them in Japan, so it was abolished by the Commercial Code amendment in 1950.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

無限責任社員と有限責任の株主とからなる会社。無限責任社員は会社債務について会社債権者に対し直接無限の責任を負うが，株主は直接責任を負わず，会社に対する出資義務だけを負う。その複雑な二元組織のために実効性が低く，日本ではその数がきわめて少なかったので，1950年の商法改正により廃止された。

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