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    • HOME
    • PARTNER WITH US
    • ABOUT US
    • LEGAL STATUS
    • MAJOR RARITIES
    • CONTACT US
  • HOME
  • PARTNER WITH US
  • ABOUT US
  • LEGAL STATUS
  • MAJOR RARITIES
  • CONTACT US

LEGAL STATUS OF PARTICIPATION

LIMITED LIABILTY PARNERSHIPS

EACH COIN OR SET WILL BE HELD IN A SEPARATE LLP


Limited liability partnerships (LLPs) allow for a partnership structure where each partner's liabilities are limited to the amount they put into the business.

The rules are set out clearly as to each partners obligations and abilities to sell or further invest.


THE BASIC RULES.

  1. THE TERM OF THE LLP IS 5 YEARS
  2. A PARTNER CAN SELL AFTER 1 YEAR
  3. THE PARTICIPATION MUST BE OFFERED FIRSTLY TO OTHER PARTNERS
  4. SALE PRICE TO BE SET BY MARKET VALUES
  5. INDEPENTANT VALUATION ON PURCHASE AND EVENTUAL SALE.
  6. COIN TO BE HELD IN SUCURE ENVIRONMENT UNDER  INDEPENDANT  CONTROL
  7. SHOULD A DISPUTE ARISE ,UK LAW IS STARIGHT FORWARD 
  8. MINUMUM ADMINISTRATION COSTS



EXPLANATION as set out in the government Guidance

Set up and run a limited liability partnership (LLP)

https://www.gov.uk/guidance/set-up-and-run-a-limited-liability-partnership-llp

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