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Is a 25% partner liable for an LLC company's fines after its closure?
Hello,
I was a 25% partner in an LLC company in Dubai that closed in 2019. I was only a partner and not involved in any decision-making or management.
When the company closed, it had outstanding VAT to the government, and fines have been accumulating on the amount since then.
I would like to know my liability for this.
Dear Questioner,
If you were a dormant partner not involved in management or decision-making, you might have some defense against liability, but this depends on specific circumstances and needs legal evaluation like reviewing the partnership documents.
If you need further clarification, please share your WhatsApp number.
Dear Inquirer,
We are pleased to serve you and address your inquiries.
Partners in limited liability companies are not personally liable for the company's debts, as the company has its own financial obligations separate from the partners.
This is especially true if you are a limited partner and not actively involved in managing the company.
However, it is important to seek specific advice after examining the necessary documents and understanding your role within the company.
Please contact us via email or call our offices in Dubai or Sharjah.
Jasim Al Haddad Law Firm
Legal Counsel and Consultations
Dear Client,
Thanks for your question! I hope you are doing well. I will assist you in this matter.
As a 25% partner in the LLC, your liability for outstanding VAT and fines depends on the company's structure and any personal guarantees you may have provided.
Consult with us to determine your specific liability and potential options for addressing the situation in accordance with UAE commercial law.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will be happy to help you.
Thanks and Regards,
ABDUL WAHIED
