In Brazil, despite the introduction of an individual limited liability company, approximately 10 years ago, the traditional limited liability company is still the most generally used corporate model in the country, needing at least two partners to set it up.
However, according to the law, managing partners are jointly and severally liable with the company for tax debts, including with their own assets, and may be subject to seizure and blocking of assets.
If you are in that position, be sure to discuss with your partner the need for the partner to exclude you and transform the company in a Sole Proprietorship, a category that has existed since 2019 and has no minimum capital requirement, thus serving the majority shareholder's interests while protecting the minority shareholder.
Consult a trusted attorney, if required, to carry out these negotiations and transformations!