In a Partnership Company, what is the maximum number of partners allowed?

According to the provisions of the Law on Enterprises 2014, an enterprise is an organization with its own name, assets, and a registered office, established in accordance with the provisions of the law for business purposes.

In particular, Article 172 of the Law on Enterprises 2014 stipulates:

"Article 172. Partnerships

1. A partnership is an enterprise in which:

a) There must be a minimum of 02 members who are joint owners of the company and conduct business together under a common name (hereinafter referred to as general partners). In addition to the general partners, the company may have capital-contributing members;

b) General partners must be individuals and are liable with all their assets for the obligations of the company;

c) Capital-contributing members are only liable for the company's debts within the scope of the capital they have contributed to the company.

2. A partnership has legal status from the date it is granted the Certificate of Business Registration.

3. A partnership is not allowed to issue any type of securities."

Thus: Based on the above-cited provisions, a partnership must have at least 02 members who are joint owners of the company and conduct business together under a common name (referred to as general partners).

The law does not specify a maximum number of general partners in a partnership.

Therefore: You and your 5 friends can register to establish a partnership. In such case, you and those 05 friends would be joint owners of the company and may conduct business together.

The above is our advisory opinion on the issue you are inquiring about.

Sincerely!