The managing director represents the GmbH externally as an acting body. The GmbH must have at least one managing director. It may also appoint several managing directors. If the GmbH has several managing directors, the shareholders can decide whether the respective managing director may represent the company alone or only with another managing director or together with a holder of special commercial power of representation (Prokurist).
It is also possible to grant a special commercial power of representation (Prokura). Either individual or joint procuration may be granted. In the case of individual procuration, the authorized signatory may represent the Company alone. In the case of joint power of attorney, the authorized signatory represents the Company together with another authorized signatory or managing director.
Another possibility is the granting of a power of attorney (Vollmacht).