• European company |
• Private company |

Limited Liability Partnership

Limited Liability Partnerships (LLP’s) is available in Ireland, but it is rarely used. There are only a couple of LLPs registered each year. LLP must have at least one general partner and one limited partner. Maximum number of partners is 20, but in some circumstances even less, example in banking business only 10. The general partner(s) is/are liable for all the debts and obligations of the firm. The limited partners contribute a stated amount of capital and are not liable for the debts of the partnership beyond the amount contributed. A partnership can be made up of natural persons or corporate entities. Investment Limited Partnerships (ILP’s) are used sometimes by the funds industry.

If you have questions about different type of entities in Ireland, do not hesitate to contact us.