Homonym: Ο.Ε. (Partnership)
Ο.Ε. stands for "Ομόρρυθμη Εταιρεία," which translates to "General Partnership" in English. It is a type of business entity in Greece where two or more partners manage the business and share profits and losses. All partners have unlimited liability, meaning they are personally responsible for the company's debts.
In an Ο.Ε., each partner contributes to the business, whether through capital, skills, or labor. Decisions are typically made collectively, and the partnership is governed by a partnership agreement. This structure is often chosen for its simplicity and flexibility, making it suitable for small businesses and family enterprises.