Limited Partnerships

The use of Limited Partnership agreements are a proven mechanism for professional firms seeking to limited personal liability for each partner. The use of a Guernsey Limited Partnership offers significant advantages over an English Limited Partnership including the division of profits between the partners, the ability of a limited partner to exercise (some) control over the partnership and the equal ranking of creditor partners with third party creditors. Furthermore, a Guernsey Limited Partnership can elect to have a distinct legal personality. We are familiar with establish and maintaining such structures.