Limited liability partnership: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "A favourite means of structuring a {{tag|hedge fund}} which in the last decade or so has also become popular among law firms, now the partners are allowed limit their liabilit..."
 
No edit summary
 
(2 intermediate revisions by the same user not shown)
Line 1: Line 1:
A favourite means of structuring a {{tag|hedge fund}} which in the last decade or so has also become popular among law firms, now the partners are allowed limit their liability.
{{a|entity|}}A favourite means of structuring a [[hedge fund]] which in the last decade or so has also become popular among law firms, now the partners are allowed limit their liability.


====Hedge funds====
====Hedge funds====
Some types of fund (particularly [[private equity funds]]) are structured as a [[general partner]], who acts also as the [[investment advisor]] and a number of [[limited partners]] who are the investors in the fund. The [[general partner]] has unlimited liability, but will be itself a [[thinly capitalised|thin capitalisation]] limited liability corporation, so actually is fully limited in its liability.
Some types of fund (particularly [[private equity funds]]) are structured as a [[general partner]], who acts also as the [[investment advisor]] and a number of [[limited partners]] who are the investors in the fund. The [[general partner]] has unlimited liability, but will be itself a [[thin capitalisation|thinly capitalised]] [[Limited liability company|limited liability company]], so actually is fully limited in its liability.


===Law firms===
===Law firms===
Who cares about law firms?
Who cares about law firms?

Latest revision as of 13:30, 14 August 2024

Legal Entities of the World™
A spotter’s guide to corporate wildlife
Index: Click to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

A favourite means of structuring a hedge fund which in the last decade or so has also become popular among law firms, now the partners are allowed limit their liability.

Hedge funds

Some types of fund (particularly private equity funds) are structured as a general partner, who acts also as the investment advisor and a number of limited partners who are the investors in the fund. The general partner has unlimited liability, but will be itself a thinly capitalised limited liability company, so actually is fully limited in its liability.

Law firms

Who cares about law firms?