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ARTICLE · 15 FEBRUARY 2023

Jersey Limited Liability Companies

The purpose of this note is to provide a summary of the main legal requirements and general principles applicable to the formation, registration, operation and winding-up of a Jersey limited liability

JerseyCorporate/Commercial Law

The purpose of this note is to provide a summary of the main legal requirements and general principles applicable to the formation, registration, operation and winding-up of a Jersey limited liability company.

This note is intended to provide a general summary of the position under Jersey law as at the date shown above; it is not to be taken as specific legal advice applicable to particular issues or circumstances. Anyone considering establishing an LLC should contact one of the Ogier partners listed on the last page.

Introduction

The Limited Liability Companies (Jersey) Law 2018 (LLC Law), which came into force on 1 September 2022, creates a new hybrid entity, a Jersey limited liability company (Jersey LLC), similar to its Delaware and Cayman counterparts. Jersey partner James Fox was a member of the financial services industry working group which assisted with the introduction of the LLC into Jersey. A Jersey LLC is a corporate entity with limited liability of

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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