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LLP4 LIMITED LIABILITY PARTNERSHIPS (JERSEY) LAW 1994 Declaration of Limited Liability Partnership pursuant to Article 16 Statement pursuant to Article 17 of the Limited Liability Partnerships (Jersey)

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What is declaration of limited liability?

Declaration of limited liability is a legal document through which a company declares that its shareholders' liability is limited to their investment in the company.

Who is required to file declaration of limited liability?

All companies that have limited liability status, such as limited liability companies (LLCs) or corporations, are required to file a declaration of limited liability.

How to fill out declaration of limited liability?

To fill out a declaration of limited liability, you will need to provide information about the company's legal name, registered address, shareholders, and the amount of liability each shareholder has.

What is the purpose of declaration of limited liability?

The purpose of a declaration of limited liability is to protect the personal assets of the shareholders in case the company faces legal liabilities or debts. It limits the financial risk to the shareholders' investments in the company.

What information must be reported on declaration of limited liability?

The declaration of limited liability typically requires the reporting of the company's legal name, registered address, details of shareholders, their liability amounts, and any other relevant information as per the local regulations and laws.

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