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The partners in a limited liability company (LLC) are entitled to attend the general assembly irrespective of the number of shares he holds. If one partner cannot able to attend the meeting he is entitled to delegate another partner on behalf of him as proxy except managers; because of their performance are subjected to be assessment and questioning. The partner or managing partner should have the number of votes equal to the number of shares he owns or represents.

There are some agendas for the meeting like reviewing the manager’s report regarding activities and financial position, reviewing the report of the supervisory board and the auditor’s report, discussing and ratifying the balance sheet, determining the share of profits to be distributed or not among the partners, appointing managers or members of the supervisory board and determining their remunerations, other matters within its competence with the provisions of the commercial companies law or the memorandum of association of the company.

Partners can appeal for their rights and if insufficient answers received in the general assembly when it hardly comes a real issue between a partner and manager.

Every partner have the right to discuss every matters in the agenda while Managers are obliged to reply to all questions raised by every partner by exercising their discretion and balance between the interests of the partner and exposure of the company to any risks as per general assembly’s resolution. The resolution will not be valid unless adopted with the approval of a member of partners representing at least one-half of the company’s capital.
If the quorum is not present; within not less than 5 and not more than 15 days should be invited for the second meeting. Resolutions are adopted with a majority of the votes unless otherwise stipulated in the MoA which may provide for more percentage and a larger majority. The managers who are partners shall not participate in voting or resolutions relating to absolving them from the responsibilities of the management as per the company interest. A proper ‘Minutes’ should be recorded in a special book which kept at the company headquarters which has deliberations and discussions of the general assembly. Any of the partners may review the minutes or company balance sheet personally or through an attorney.