The introduction of new legislation in Jersey that
enables the establishment of Limited Liability Companies (LLCs) has
the potential to significantly enhance pan-Atlantic business with
the US, according to Jersey Finance.
The Draft Limited Liability Companies (Jersey) Law was approved
by Jersey's government this week (11 September), meaning that
imited liability companies (LLCs) can now be established in Jersey
for the first time.
Combining the 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 SMEs and holding
companies to fund structuring.
However, LLCs are especially popular in the US, currently
accounting for over two-thirds of all new transparent business
structures formed in the country each year, and it is anticipated
that the introduction of a Jersey LLC will give US advisers,
investors, businesses and fund managers a familiar option
