Partnership Company

Its Consists of two or more persons called  “partners” and they shall be considered merchants.

Name: Named after the name of its partners, followed by “Co”.  Should be named after a real & current partner in the Partnership.

Management: The partnership agreement states which partner(s) will have the right to manage and sign on behalf of the company.

The Partners may appoint a third party to act as manager and may delegate some of the management rights, except in cases of sale or mortgage and borrow. The management contract should state on such, otherwise, a PoA for such acts is required.

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