

In the event of the withdrawal or death of a partner or shareholder whose name the professional company bears or includes in its name, the company may not continue to bear or include the name unless written consent is obtained from them or their heirs, as applicable. In all cases, the name of the professional company must be followed by an indication that it is a professional company. Article Fourteen of the Law of Professional Companies in the Kingdom states that a professional company may be named after one or more of its partners or shareholders. The regulations specify the provisions and procedures for registration, and the fees to be collected for this purpose. The professional company does not acquire legal personality and cannot commence its operations until it is registered in this register. The professional company must be registered in a special register at the ministry, known as the Professional Companies Register. Article Eight of the Law of Professional Companies in the Kingdom outlines the requirements for establishing professional companies. https://payidpokies1.com