A company shall be created as a community of 2 or more individuals for performing commercial affairs, the asset will be split based on the partner’s shares and each of the partners are liable for the company debts and commitments based on the their asset value
2 individuals (clause 94 of the Commercial Law).
No. Unless predicted at the articles of association
Yes, he/she can be (clause 104 of the Commercial Law).
Name confirmation, the arrangement of registration papers, signing the papers, issuance of the announcement from the Company Registration Office of related province, publishing in the official gazette and printing in a mass-circulation newspaper.
Identity certificate and National Identification Card
Yes, with the agreement of holders of three- fourth of the company asset having the numerical majority.
No. It has not been predicted.
Each of the partners will bear a voting right based on the share they have at the company (clause 107 of the Commercial Law).
It will be measured by the partners themselves with their legal and criminal liability (clause 100, 98 and 101 of the Commercial Law).
It is possible if all of the partners are in unanimous (clause 110 of the Commercial Law)
There is no limit.
No. It hasn’t been predicted.
Yes. Limiting company manager’s authorities in the articles of association against a third party will be legit.
Yes. If it is approved by the holders of three fourth of the company asset or predicted at the articles of association (clause 111 of the Commercial Law)
A number of the partners hold more than half of the company assets (clause 114 of the Commercial Law)
If it is predicted in the articles of association, the answer would be yes (article D clause 114 of the Commercial Law).
The asset is split based on the partner’s share (clause 94, 96 of the Commercial Law).
Individuals who need a family business.
It seems so at the Iran Economy Law.
In the Iran economy common law, banks are unable to provide loans with limited companies due to criminal guarantee (clause 94 of the Commercial Law)
If possible, the power of attorney can be asked from parties.
The Level of Credit and Partner’s Criminal Guarantee