Silent Company

Συμβολαιογραφικές & Νομικές Υπηρεσίες

 

The silent company is established either informally or by instrument as well, it is not subject to publication and it is devoid of legal personality. There is one, at least, visible partner, who is responsible against third parties, with which he is transacting and one, silent partner. The establishment of the silent company and the agreements of the partners are proven with any legal means of proof, even by witnesses too. The silent partners have no responsibility against third parties with which the visible partner is transacting. However, each silent partner is obligated to participate in the losses of the silent company, which originated from the activity of the visible partner. Such responsibility thereof exists only against the visible partner or visible partners. Similarly, the silent partner or partners have a claim against the visible partner or partners for the company profits. Such a company serves only the person or persons that are indisposed or do not wish to appear that the they exercise any commercial activity.