User:A1business/sandbox

Limited Liability Company is a form of company where there are minimum of two partners and maximum of 50 partners. This legal form of company is mainly fit for goods and commodities trading companies, general trading companies etc. L.L.C company is managed by Managing Director or Directors appointed by partners as per Memorandum of Association. MOA is a legal document of L.L.C Company mutually agreed and signed by partners and notarized by court. Out of total shares of the company, 51% shares must be hold by U.A.E nationals and 49% can be hold by expatriates. The liabilities of the partners are extent to the value of his shares in the company.