Harbour Trustees Limited provides the use of Partnerships for financial structuring. For Guernsey Limited Partnerships Harbour Trustees Limited can provide the general unlimited partner to administer them for the investing limited partners. Other options are available such as traditional and Limited Liability Partnerships both locally and in other jurisdictions.
In the case of a Guernsey Limited Partnership the name and address of the general partner are available on public record, but the names and contributions of the limited partners remain private. Both general and limited partners can be corporate entities.
A Guernsey Limited Partnership does not have separate legal personality by default, but the law allows it to elect to do so.
Guernsey Limited Partnerships are also a useful vehicle for clients setting up private equity funds.
We always welcome the opportunity to discuss with potential clients and their advisors how we can assist, please just contact us to do so.