It is a company created by two or more persons under a specific name for executing commercial affairs with joint liability (clause 116 of the Commercial Law).
It is in the form of joint liability and they shall be, individually, liable for the payment of all the debts and company commitments (clause 116 of the Commercial Law).
It is merely a business (clause 116 of the Commercial Law).
At least 2 members in accordance with the clause 116 of the Commercial Law.
It is obligatory to have articles of partnership, however, optional for articles of association (Part 1 & 2 article C clause 4 of bylaw with respect to clause 199, 197 and 196 of the Commercial Law)
No, except with all partners’ consent.
Yes, since he/she entered the company knowing about the debts (in accordance with clause 120 of the Commercial Law).
It has not been predicted.
Minimum number of one or more managers from inside or outside
They shall be assessed by partners on their liabilities (clause 122 of the Commercial Law).
Yes (clause 120 of the Commercial Law).
It has not been predicted.
Yes, there shall be no limit and prohibition.
Yes, it is one of the company's dissolution requirements.
Yes, in accordance with the article D clause 136 & 1371 of the Commercial Law
They shall be split based on the partnership share in accordance with clause 119 of the Commercial Law.