New legislation has been approved in Jersey that enables
the establishment of Limited Liability Companies (LLCs), which will
significantly grow and support pan-Atlantic business with the
US.
The Draft Limited Liability Companies (Jersey) Law, which was
approved by Jersey's government on 11 September, allows LLCs to
be established in Jersey. Combining the constitutional flexibility
and privacy of a partnership with the protective limited liability
of a company, LLCs have become popular vehicles globally for a wide
variety of uses, from holding companies, SMEs and to fund
structuring.
Given LLCs hold particular appeal in the US, it is anticipated
that the introduction of a Jersey LLC will give US advisers,
investors, businesses and fund managers a familiar option for
cross-border structuring.
