Partnerships and LLPs

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Partnerships and LLPs

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Goods Mortgages Bill offers new options for security

The revised bill, published by the Law Commission, would allow individuals, sole traders and partnerships to have more flexibility in the way in which they secure their debts.

Law Firm: Shoosmiths | Published: 17 November 2017 | Practice Area: Capital Markets and Debt Securities

California expands Voluntary Disclosure Program for out-of-state trusts

The authors of this alert argue that the expansion of the VDP to include out-of-state trusts with California beneficiaries was long overdue.

Law Firm: Reed Smith | Published: 02 October 2017 | Practice Area: Succession Planning and Trusts

United Arab Emirates updates position on limited liability companies

UAE Ministry of Economy issues waiver for amendments to Memorandum of Association of LLCs.

Law Firm: Fichte & Co | Published: 31 May 2017 | Practice Area: Business of law

IRS tightens rules on disguised sales and allocating partnership liabilities

New final, temporary and proposed regulations address leveraged transactions, “bottom-dollar” guarantees and other issues, but postpone action on some key questions.

Law Firm: Latham & Watkins | Published: 03 November 2016 | Practice Area: Taxation

Rating: 1 person found this useful

PSC register must be completed by companies

Every UK company (other than ones which have equivalent disclosure obligations, such as those listed on a stock exchange) has since 6 April been required to keep a Register of Persons with Significant Control. Since 30 June they have been required to file this information at Companies House.

Law Firm: Excello Law | Published: 25 August 2016 | Practice Area: Company Administration

Rating: 2 people found this useful

Modernising the law on limited partnerships: changes to earlier proposals

Last July, the UK Treasury published a consultation on proposed amendments to the Limited Partnership Act 1907, as part of an effort to modernise the law. The government has now responded to the submissions received, and has made changes to the initial proposals, as this briefing explains.

Law Firm: Reed Smith | Published: 27 July 2016 | Practice Area: Collective Investment Schemes

A guide to LLCs: a new type of corporate vehicle for the Cayman Islands

On 8 July, the Limited Liability Companies (LLC) Law 2016 came into force in the Cayman Islands, introducing the LLC, a new type of corporate vehicle for the Cayman Islands. This guide sets out the key features of LLCs and how they can be formed.

Law Firm: Harneys | Published: 21 July 2016 | Practice Area: Company Administration

What the new PSC register means for UK business

The UK Government has introduced legislation requiring most UK companies and LLPs to investigate and disclose information about who owns them on a publicly available 'persons of significant control' register. This briefing sets the changes and explains what this means for UK companies and LLPs.

Law Firm: Nabarro | Published: 23 June 2016 | Practice Area: Partnerships and LLPs

Rating: 1 person found this useful

Changes to partnership legislation for private equity and venture capital funds

The UK Government is pressing ahead with plans to make changes to partnership legislation for private equity and venture capital funds, and has now considered - and responded to - submissions received after a consultation on the proposals. This briefing looks at the changes to the initial plans.

Law Firm: Shoosmiths | Published: 08 June 2016 | Practice Area: Company Capital Maintenance

Rating: 1 person found this useful

Confirmation statements: key questions about the replacement for annual returns

After 30 June, UK companies and LLPs will no longer be required to file an annual return – instead, the requirement is to file a confirmation statement. This Gowling WLG briefing answers the key questions relating to the new confirmation statement.

Law Firm: Gowling WLG | Published: 07 June 2016 | Practice Area: Directors

Rating: 1 person found this useful

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