Austria's most popular type of legal entity is the private limited company (GmbH) closely followed by the limited partnership (KG). The latter will be closely dealt with in this diploma thesis and some special forms will also be presented. In the introduction of this paper an overview of the historic development of the KG in its present form will be given as well as its legal framework. Thereupon its legal nature and status will be dealt with as well as the question, whether this legal entity can be considered a legal person. Additionally, two representative partner types will be described with a focus on their main tasks. Obviously the best-known special corporation form of the KG is the GmbH & Co KG. This legal entity will be elucidated and in the course of discussing the formalities of the foundation of the GmbH & Co KG, the so-called "gründungsprivilegierte GmbH" will also be mentioned. Yet another special corporation type, the Publikums-KG, has recently gained rather infamous publicity due to total losses of investors. Its purpose, the correct drafting of contracts, and the obligation to provide a prospectus will be focused on. Only very recently did the Supreme Court of Justice of Austria have to deal with matters in association with a so-called "Einheits-KG", a corporation form that is presently widely disputed. In Germany, however, this type is possible. That is why a part of this paper will deal with the question how it could be applied to Austrian law standards. Further special types of company,like the AG & Co KG as well as the SE & Co KG are briefly addressed. Owing to the fact that so-called Vereins-KG have gained enormous popularity when making investments in municipal communities,this type of corporation form is described in a separate chapter of this diploma thesis. In the final part an "European" variation of the KG will be covered as the possibility of a private company limited by shares and the German "UG" as a general partner will be elucidated.