Under Jersey law, limited partnerships can be established with
separate legal personality or full body corporate status. Such
partnerships are known, respectively, as separate limited
partnerships ("SLPs") and incorporated
limited partnerships ("ILPs").
Separate laws apply to each type of partnership. The laws run in
parallel with the Limited Partnerships (Jersey) Law 1994 (the
"LP Law"), under which traditional
Jersey limited partnerships are established. So, three distinct
limited partnership types may be used in Jersey. Traditional Jersey
limited partnerships have no separate legal personality or
perpetual succession (for more information on traditional limited
partnerships, please see our briefing).
