The Extent of the Impact of Reducing the Capital of a Limited Liability Company on the Company’s Creditors in Jordanian Legislation

This descriptive study attempted to understand the legal protection of creditors of a limited liability company following the legislative changes to reduce the company capital. Law texts on legal protection for creditors of a limited liability company were analyzed and presented, focusing on the fundamentals of the laws considering the legislative changes to reduce the capital. The Jordanian company law stipulates the division of the company capital into equal shares, and each share had a minimum value of one Jordanian dinar, which is an indivisible amount. The Jordanian Companies Law does not stipulate a maximum number of partners. Paragraph (1) of Article (54) of the Jordanian Companies Law must amended to increase the capital of the limited liability company, and we hope to add texts to the provisions of the limited liability company, stipulating the imposition of a reasonable minimum amount of money for a person to participate in it as a partner and have limited liability.