Practice Note on Limited Liability Partnerships Act 2012
Practice Note No. 2/2016; Practice Note; Issuing Authority: Companies Commission
26 June 2016 | Source: Companies Commission
This Practice Note serves to clarify the requirements that need to be fulfilled relating to the acquiring of land by a limited liability partnership (LLP) and related matters.

An LLP is a body corporate with unlimited capacity and is capable of doing and suffering any act or things that a body corporate may lawfully be allowed to do or suffer including the ability to hold property under its own name.

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