A Partnership en nom Collectif can be formed by two or more shareholders, trading under a company name, and must have its company headquarters in Malta. It is formed by deed of incorporation, which must then be duly registered. The company capital consists of payments made by the shareholders.
General partnership obligations are guaranteed by the unlimited joint and several liability of all its shareholders. However, partnership assets are used first, and only after that will the shareholders assets be used.
The Partnership en nom Collectif accounts do not need to be audited.
Unless the articles of incorporation state otherwise, all or any alterations can only be made with the unanimous consensus of all the shareholders.