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The Limited Liability Partnerships Bill

To provide for the establishment, registration, dissolution and winding up of limited liability partnerships.

  • The name of such a partnership shall end with the words “limited liability partnership” but the abbreviations “LLP” or “L.L.P” may be substituted.
  • No limit to the number of persons who may be partners.
  • Any person may be a partner – including individuals, corporations, or another limited liability partnership..
  • Must have a registered office in Belize.
  • Must keep accounting records for five years.
  • No requirement for filing or auditing of accounts.
  • Partners may lend money to or borrow money from the partnership – Must file annual declaration listing current parners