Limited Liability Partnerships (“LLPs”) Public Consultation

The aim of this Consultation is to consider whether the Limited Liability Partnerships (Jersey) Law 1997 (“the 1997 Law”) should be amended or replaced by a new law in order to make the product as competitive as possible and useful as a vehicle of choice for local and international businesses.

Limited Liability Partnerships (“LLPs”) are partnerships governed by the terms of their partnership agreements but having some features of companies, notably a separate legal personality and limited liability. This gives them a flexible structure which can be used for a variety of purposes: for instance, by professionals, by small businesses and in financial services. They were a relative innovation when introduced in Jersey in 1997. Since that date, various overseas jurisdictions have introduced their own LLP laws. It now seems appropriate to review the Jersey LLP structure to ensure it remains up-to-date and competitive.

Please note the deadline for responces to the consultation will be 11 July 2008.

To access a copy of this public consultation please click on the link below. 

Limited Liability Partnerships Public Consultation

Document Type: Adobe PDF
Size: 152Kb 
Date: 22 April 2008



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