Jersey, Channel Islands, updates its limited liability partnership (LLP) legislation

Limited liability partnerships (LLPs) – introduced into Jersey law in 1997- are partnerships that are governed by the terms of their partnership agreements, and have some of the benefits of companies such as a separate legal personality and limited liability for their members. To make the LLP a more attractive vehicle for international businesses, the Jersey LLP law has been updated. The amended law is expected to come into force soon.

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