مسؤولية الشريك في شركة ذات مسؤولية محدودة

Limited liability company.

The partner in the limited liability company is asked about his share in the company.

According to the company’s founding contract, the manager can conduct any banking dealings on behalf of the company without consulting the partners if the company’s establishment contract stipulates that.

But one partner posted on his Facebook account offering profits and shares to get money which I opposed and the loan is taken on the company’s letter pad keeping company as guarantor.

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The current situation of the company imposes yearly contract renewal and no enough cash for renewal.

Now both Dubai partners are asking us to give our share because they have one investor ready to become a partner but nothing for us.

They have put extra charges on us to pay, but I don't want to leave my partnership without compensation.

As for the managers in the limited liability company, they shall be responsible for the company and others for any cheating activities.

The director is also obligated to compensate the company for any losses and expenses due to mismanagement or misuse of his powers according to the commercial law and in accordance with the company’s founding contract.

My status is a partner, am I responsible also?

The manager is the only responsible one in case of fraud and serious error.

Thank you sir!

I will definitely be in touch with you by next week in Dubai, but I am afraid if I travel to Dubai, they can do any action against me.

Can the company sponsor put me in any kind of trouble in my absence (absconding or travel ban)?

The company sponsor is in Dubai?

Yes, Emarati.

Do you have an investor residence?

And who is your sponsor?

I have a partner visa.

If so, there is no sponsor except the company itself and you are a partner in it. There is no sponsor business owner.