Joint Partnership Company
A Joint Partnership Company is a company consisting of two types of partners:
• Joint partners who are empowered to administer the affairs of the company, and are jointly and personally responsible for the company’s liabilities.
• Trustee partners, who merely contribute to the company’s capital without being responsible for its liabilities except to the value of their shares in the capital.
All the Joint partners in a joint partnership company shall be natural persons. A Trustee partner shall not interfere in the management of the company.