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I need some advice on my wife’s company – She was a partner in a real estate company and her name was on the trade license.


Question:

I need some advice on my wife’s company – She was a partner in a real estate company and her name was on the trade license. She has now exited the company but there is a case raised against the company during the time that she was on the trade license. She still has a visa with the company which is due to expire next week. She has not received a payment as agreed from the other partner yet as the other partner wants to hold her liable for this case (which she has no information on other than the case number). She needs some guidance and needs to be released from this case. Can you help to offer some advice on this matter?

Answer:

So that we can guide you on how you may handle the dispute with the shareholder, and guide you on the strategy to deal with the ongoing litigation in the company, we will need to determine the legal type of the company. Additionally, we will need to also study the nature of the court case against the company. It is important to note that if a company is an LLC, then the liability of the shareholders is limited to their share capital in the company.

Therefore, it is advisable to have a bespoke consultation with a lawyer specializing in commercial law to guide you on the best legal recourse for your wife given the circumstances shared with us. If you would like to schedule a consultation, please feel free to contact us.

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