General Partner Company
General Partner Company refers to a participation of people with the following key core features like Created by two or more persons. The owners are all legally responsible for legal procedures and debts the company may face personally, created by agreement, proof of existence and estoppels. The management of a company may include one or more managers who are UAE nationals and who may or may not be partners in the company. In the commercial and legal parlance of most countries, each general partner has an equal right to participate in the management and control of the business. This type applies to UAE nationals only & can consist of two or more partners who are jointly liable for all profit or loss incurred.