Israel LLP

A limited partnership must have at least one general partner and one limited partner. The general partner, as in a general partnership, has unlimited liability for the obligations of the partnership. The liability of a limited partner is limited to the sum invested in the partnership. The limited partner may not participate in the management of the partnership and does not have the power to bind the partnership. In addition, a limited partner may not, while the limited partnership is in existence, draw on or receive back, either directly or indirectly, any part of his investment in the partnership. Violation of this principle may make him liable for the obligations of the limited partnership up to the amount so withdrawn.
 Israel Limited Liability Partnership Key Features

1. A limited partnership must have at least one general partner and one limited partner.
2. The general partner, as in a general partnership, has unlimited liability for the obligations of the partnership.
3. The liability of a limited partner is limited to the sum invested in the partnership.
4. The limited partner may not participate in the management of the partnership and does not have the power to bind the partnership.
5. A limited partner may not, while the limited partnership is in existence, draw on or receive back, either directly or indirectly, any part of his investment in the partnership.

Israel Limited Liability Partnership Legal Requirements

Israel LLP	Corporate Details
General
Type of Entity	Limited Partnership (LP)
Registered Office in Israel	Yes
Share capital or equivalent
Minimum paid up	No minimum
Usual authorized	USD $50,000
Directors | Officers | Partners
Minimum number	2
Local required	Yes (1 general partner/director)
Publicly accessible records	Yes (although limited partner details are confidential)
Location of meetings	No
Corporate directorship allowed	Yes
Company Secretary
Required	No
Local or qualified	N/A
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	Yes
Publicly accessible accounts	Yes

 Israel Limited Liability Partnership Tax Treatment
Israel Limited Liability Partnerships are tax exempt
Israel Limited Liability Partnership
Duration of Set-up
2 Week
Israel Limited Liability Partnership Distinctive Benefits

• Israel Limited Liability Partnerships are tax exempt.
• The liability of a limited partner is limited to the sum invested in the partnership.
• The general partner, as in a general partnership, has unlimited liability for the obligations of the partnership.

The Valsen Advantage

1. End to end comprehensive service
2. Speedy and efficient service
3. Expert advice on structuring options
4. Dedicated ongoing compliance support
5. Extensive network pool of service providers