Gesellschaft mit beschränkter Haftung

Gesellschaft mit beschränkter Haftung (pronounced [gəˈzɛlʃaft mɪt bəˈʃʁɛŋktɐ ˈhaftʊŋ], abbreviated GmbH [geː ʔɛm beː haː], in Austria also GesmbH or Ges.m.b.H.), which is German for "company with limited liability", is a type of legal entity very common in Germany, Austria, Switzerland and Liechtenstein. The name of the GmbH form emphasizes the fact that the owners (Gesellschafter, also known as members) of the entity are not personally liable for the company's debts.GmbHs are considered legal persons under German and Austrian law. Other variations include mbH (used when the term Gesellschaft is part of the company name itself), and gGmbH (gemeinnützige GmbH) for non-profit companies.

The GmbH has become the most common corporation form in Germany, since the AG (Aktiengesellschaft), the other major company form corresponding to a stock corporation, was much more complicated to form and operate until recently.

History

The laws governing this type of legal entity were adopted in Germany in 1892, and in Austria in 1906. The concept of limited liability created by these laws inspired the legal establishment of the limited liability company form in other countries, although the concept of a limited liability company already existed in the United Kingdom.

Oil!

Oil! is a novel by Upton Sinclair published in 1927 told as a third person narrative, with only the opening pages written in the second person. The book was written in the context of the Harding administration's Teapot Dome Scandal and takes place in Southern California. It is a social and political satire skewering the human foibles of all its characters.

The main character is James Arnold Ross Jr., nicknamed Bunny, son of an oil tycoon. Bunny's sympathetic feelings toward oilfield workers and socialists provoke arguments with his father throughout the story.

The novel served as a loose inspiration for the 2007 film There Will Be Blood.

Characters

Oil

An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (immiscible with water, literally "water fearing") and lipophilic (miscible with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable and slippery.

The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food, fuel, lubrication, and the manufacture of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies as purifying agents.

Etymology

First attested in English 1176, the word oil comes from Old French oile, from Latin oleum, which in turn comes from the Greek ἔλαιον (elaion), "olive oil, oil" and that from ἐλαία (elaia), "olive tree", "olive fruit". The earliest attested forms of the word are the Mycenaean Greek 𐀁𐀨𐀺, e-ra-wo and 𐀁𐁉𐀺, e-rai-wo, written in the Linear B syllabic script.

Oil (band)

Oil is a Christian thrash metal band from Long Beach, California, USA. The band was formed in 1997 by Ron Rinehart, the former vocalist with Dark Angel, who converted to Christianity at a Harvest Crusade after Dark Angel's dissolution in 1992. Other members include lead guitarist Blake Nelson (formerly with Deceiver, Desire and Captain Black) and drummer Jason Vander Pal. Oil has released two studio albums and one live album.

In 2004, Rinehart left the band to pursue other non-musical interests. The rest of the group is looking for a new vocalist.

Biography

Oil's first release was a self-financed EP in 1999.

The Refine album was well-reviewed for its honest, no frills metal approach. The band performed live gigs, including a show at the Stryper Expo, but Rinehart received an injury soon after the album release which meant Oil did not perform for nearly a year. Once recovered, Rinehart and Oil returned to performing, being announced as special guests to Disciple in April.

The band recorded a live album Choice Cuts Off the Chopping Block at the First Baptist Church in Downey, California, in November 2002. The record included two new acoustic songs, "This Is My Prayer" and "Medicine Man". When bass guitarist Matthew Joy opted out in May 2003, Oil recruited Jonathan Thiemens of Blind Sacrificies as a temporary replacement. This became permanent in July.