Definition
Article 76
A general partnership shall be a company formed by two or more persons for the purpose of effecting commercial transactions by occupation under a joint trade name. The partners shall be liable jointly and severally and their liability shall be unlimited.
Trade Name
Article 77
The trade name of a partnership shall consist of the surnames or trade names of one or more of the partners with the extension "sabiratelno druzhestvo" [general partnership] or "sadruzhie" ("s-ie") [partners].
Content of Articles of Partnership
Article 78
A partnership's articles shall be drawn up in writing with notarized signatures of the partners and shall state:
- 1.
- the name and domicile or, respectively, the trade names and seat, as well as the address of each partner;
- 2.
- the trade name, the seat, the registered office and the purposes of the partnership;
- 3.
- the type and amount of each partner's contribution and the valuation thereof;
- 4.
- the manner of distribution of profits and losses among the partners;
- 5.
- the manner of management and representation of the partnership.
Registration of the General Partnership
Article 79
- (1)
- The application for registration of the general partnership in the commercial register shall be signed by all partners and the articles of partnership shall be attached to it.
- (2)
- Registered in the register shall be the information under items 1, 2 and 5 of the preceding article.
- (3)
- The persons authorized by the articles of partnership to represent the partnership shall submit specimen signatures.
