Limited Liability Company

What is a limited liability company

It is a company consisting of two or more persons, and the partner's liability for its debts, obligations and losses shall be the amount of his share in its capital, and the partner's share shall be transferred if he dies to his heirs or those to whom he recommends any share. The number of partners in this company does not exceed fifty partners, and there is no minimum capital requirement.

The necessary eligibility is not required in the partner, as the partner does not acquire the status of a merchant, the partner does not comply with the obligations of merchants, and it does not result in the death of one of the partners, bankruptcy, insolvency, or the announcement of quarantine on the dissolution of the company.

Company features:

1-the death of a member of the company or withdrawal does not affect the age of the company because it is not related to the age of its founders.
2-partners have the right to trade their shares among themselves because they have the freedom to dispose of them.
3 the number of partners is large and this helps the company to achieve credit and expansion.
4-these companies help small businesses to continue and expand, especially when an emergency appears to the business owner that prevents him from continuing in a currency, so he turns legitimately to the limited liability company and his representative in management.
5-the responsibility for the partners is limited, and this encourages to increase the investment opportunities of this type of companies
6-one partner can establish the company.

What Is Limited Liability Companys

• It Is A Company Consisting Of Two Or More Persons. The Partner’s Liability For Its Debts, Obligations And Losses Shall Be The Amount Of His Or Her Capital Share. The Share Of The Partner Shall Be Transferred If He Or She Dies To His Or Her Heirs Or To Whom He Or She Recommends Any Share. The Number Of Partners In This Company Is Not More Than 50, Nor Does It Require A Minimum Capital Limit.
•  The Necessary Eligibility Is Not Required In The Partner As The Partner Does Not Acquire The Merchant Status And The Partner Does Not Comply With The Obligations Of The Merchants. Nor Does The Death Of One Of The Partners Or The Publication Of his Bankruptcy, Insolvency Or Declaration Of Legal Prohibition On The Company’s Dissolution.

Company Features:

1. Death Of A Member Of The Company Or Withdrawal Does Not Affect The Existence Of The Company Because It Is Not Related To Its Founders.

2. Partners Have The Right To Trade Their Own Shares Between Themselves Because They Have Free Disposal On It.

3. The Number Of Partners Is Big And This Helps The Company Achieve Credit And Expansion.

4. This Kind Of Companies Helps The Small Enterprises To Sustain And Expand, Especially When An Emergency Arises For The Employer Preventing Continuity In his Work, His Project Turns Into A Company With Limited Liability And Who Deputies To The Management.

5. The Liability Of Partners Is Limited And This Encourages Increased Investment Opportunities Of This Type Of Company

6. One Partner Can Establish The Company.