Simple partnership company
A Simple partnership company is a company formed by two or more natural persons who are personally and jointly responsible for the liabilities of the company.
- The name of the company shall be formed by reference to the name of all the partners, or the name of one partner followed by the words “And Partners”. A company may have a special commercial name, provided it is connected with the fact that it is a simple partnership company.
- All the partners in a simple partnership company shall be natural persons.
- A simple partnership company should have a Memorandum of Association.