Consultations
| Agency | Economic Development |
|---|---|
| Topic | Proposal to introduce legislation to allow LLCs to be set up as single member LLCs (“SMLLCs) |
| Title | Consultation on the Limited Liability Companies (Amendment) Bill 2013 |
| Description | LLCs originated in the US. The Isle of Man’s legislation stills follow the original structure of LLCs, requiring two members. The proposal to introduce an amendment to the Limited Liability Companies Act 1996 to permit SMLLCs will ensure that the Isle of Man’s legislation reflects what has become the accepted position in the US. |
| Consultation Period | 5 August 2013 - 16 September 2013 |
| Status | Closed |
| Contact for Queries and Responses | Gillian Prestwich Policy Adviser Corporate Strategy Division Treasury Government Offices Bucks Road, Douglas, Isle of Man IM1 3PX Email: Gillian.Prestwich@treasury.gov.im Tel:01624 687067 |
| Downloadable Documents | ||
|---|---|---|
| Title | Format | Size |
| Limited Liability Companies (Amendment) Bill 2013.Consultation Draft Explanatory Memorandum | Acrobat PDF File | 352 kb |
| Limited Liability Companies (Amendment) Bill 2013 | Acrobat PDF File | 246 kb |
| Responses to the Consultation on the Limited Liability Companies (Amendment) Bill 2013 | Acrobat PDF File | 193 kb |
In order to download PDF documents, you will need Adobe Acrobat Reader which is available free by clicking on the link below.
