Questions & Answers
How to manage company operation in the absence of one partner?
Dear Sir/ Madam,
I am a partner in an LLC Company in Dubai, UAE. My other expatriate partner has gone to India by giving power of attorney to her friend.
Currently, the business is at a standstill and all business-related documents have been kept locked in their house in Sharjah which I am not able to use.
My questions are as below:
1. For how many years is the special power of attorney valid?
2. How can I claim the business documents? (Should I contact the Police).
3. Is the power of attorney valid after the death of the expatriate partner?
4. Will the debts of the old company where I am a partner affect the new company which I register in Dubai?
Dear Questioner,
Please see my answers to your questions:
1. For how many years is the special power of attorney valid?
Validity will be mentioned in the document itself or if it is given for a specific reason or action the PoA will expire when that action completes. Otherwise, it will expire on the death of the principal.
2. How can I claim the business documents? (Should I contact the Police).
What kind of documents? I need clarity on this point.
3. Is the power of attorney valid after the death of the expatriate partner?
No.
4. Will the debts of the old company where I am a partner affect the new company which I register in Dubai?
Since your company is an LLC, you will be liable for the debts of the company only to the extent of your shares.
Please feel free to call me to discuss further on question no. 2.
Regards,
Rajasree Ravivarma
