{"id":6225,"date":"2023-03-22T14:12:00","date_gmt":"2023-03-22T14:12:00","guid":{"rendered":"https:\/\/iqeq-staging.j.layershift.co.uk\/?p=6225"},"modified":"2023-08-16T15:14:12","modified_gmt":"2023-08-16T15:14:12","slug":"introduction-jersey-llcs","status":"publish","type":"post","link":"https:\/\/iqeq.com\/insights\/introduction-jersey-llcs\/","title":{"rendered":"An introduction to Jersey LLCs"},"content":{"rendered":"
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Jersey\u2019s Limited Liability Companies Law 2018 came into force on 1 September 2022, enabling regulated entities to register limited liability companies (LLCs) with the Jersey Financial Services Commission (JFSC). So what\u2019s the significance? Here, we provide everything you need to know about Jersey LLCs.<\/strong><\/p>\n

An LLC is a vehicle that has elements of a partnership but with separate legal personality. Members therefore have limited liability in relation to their ‘interests’ in the LLC, while also being able to benefit from tax transparency in a similar way to a partnership. This combination makes the LLC a vehicle of choice for alternative investment funds, especially those with US-based investors.<\/p>\n

The Jersey LLC regime came into force following the adoption of the\u00a0Limited Liability Companies (Jersey) Law 2018<\/a>\u00a0(the\u00a0Law<\/strong>), which is broadly based on the Delaware Limited Liability Company Act. It was amended on 14 February 2023 so that an LLC may register either as a body corporate or an unincorporated body, but no subsequent change is permitted.<\/p>\n <\/div>\n<\/section>\n\n

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What are the key characteristics of the Jersey LLC?<\/p>\n

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