The taxation of limited liability partnerships in Jersey
Limited liability partnerships in Jersey are a statutory form of vehicle, established under the Limited Liability Partnerships (Jersey) Law 1997, that have a number of special characteristics, including being subject to a distinctive treatment for the purposes of taxation in Jersey.
Limited liability partnerships in Jersey are unlike limited liability partnerships in many other jurisdictions in that, while having separate legal personality, they have the legal characteristics of partnerships and are not corporate vehicles. The separate legal personality of a Jersey limited liability partnership means that, among other things, notwithstanding that it is a partnership,
contracts are made with the limited liability partnership and, in order to bind it, must be made with the limited liability partnership itself rather than the partners.
Consequently, a limited liability partnership can own property in its own right and name and bears its own debts and liabilities that are met from the property of the limited liability partnership…
If you are registered and logged in to the site, click on the link below to read the rest of the Mourant Ozannes briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.