Limited Partnership Company
A limited partnership is a legal form that offers a high degree of flexibility in structuring business partnerships . It combines two types of partners: general partners who manage the company and bear full liability, and limited partners who contribute capital without being obligated to manage it or bear obligations beyond the value of their shares.
At Issa Haddad & Co, we provide specialized legal advice on establishing, regulating, and developing limited partnerships , ensuring full compliance with Jordanian laws and achieving a balance between protecting partners and encouraging investment.
What is a limited partnership?
It is a company consisting of:
One or more partners of the recommenders:
They contribute capital without participating in management, and their liability is limited to the amount of their contribution.
One or more partners:
They participate in the management and are personally and unlimitedly liable for the obligations of the company.
Advantages of a limited partnership
Clear division of responsibilities and duties.
Ease of establishment and management compared to other forms of businesses.
Flexibility in the formation between who manages and who finances.
Attractive to investors who want to participate financially without incurring legal or administrative responsibilities.
Our services in the field of limited partnerships
At Issa Haddad & Co, we accompany our clients through all stages of establishing and managing this type of company, including:
Ongoing legal consultations to ensure business operations are conducted in compliance with laws and regulations.
Registering the company and following up on the official procedures with the relevant authorities.
Drafting the company's articles of association and defining the relationship between partners in accordance with the law and achieving balance.
Converting the company or amending its bylaws if required by commercial or legal necessity.
Resolving disputes between partners when they arise, whether through mediation or legal proceedings.
Why choose Issa Haddad & Co?
A deep understanding of the nature of partnerships and the types of responsibilities between partners.
A legal service that takes into account the privacy of each partner and their role within the company.
Extensive experience in Jordanian corporate law and related practices.
A careful approach to drafting contracts and clearly defining rights and obligations.
Whether you are considering establishing a limited partnership or developing an existing partnership, our team at Issa Haddad & Co, is ready to provide comprehensive legal support to realize your vision with confidence and legal stability.
Contact us today to begin a well-thought-out legal process toward a successful partnership.