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.

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