Valsen Corporate

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 Violation of this principle may make him liable for the obligations of the limited partnership up to the amount so withdrawn.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.
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