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Solidarity Company

It is a company established between two or more persons for the purpose of commercial exploitation through a special address that includes the name of one or more of the partners, and each partner is personally responsible to others for the company’s debts with all his money and in solidarity with the company and with other partners.

Characteristics of a joint-stock company

  1. The partner’s share may not be traded
  2. The company has an address consisting of the company’s names
  3. All partners in a general partnership acquire the status of a merchant
  4. All partners are personally and jointly liable for its obligations and debts