Belize Limited Liability Partnerships

Limited Liability Partnership (LLP) is another international financial service that has recently drawn much attention. This new business structure can be the ideal for many businesses.

Limited Liability Partnership is a business structure that allows for members of an LLP to freely concur among themselves the relationship between them, as partners do in a partnership.

Being a corporate body with the ability to contract in its own right, LLP has the organizational elasticity of a partnership.

The registration of Limited Liability Partnerships is permitted by Belize Limited Liability Partnership Act. There have been very few registrations, before the Act acquired a financial provision bond in the sum of USD 250 000 to be paid by a local bank or international insurance company to the registrar or LLP´s in case of winding up of the Limited Liability Partnership. According to the last year Act amendment, the Limited Liability Partnership needs only procure such type of bond for the sum of BZD 250 000.