This publication has been prepared for the assistance of those who are considering the conversion of a Bermuda exempted limited partnership which has elected to have legal personality under the Partnership Act 1902 to a Bermuda exempted limited liability company. It deals in broad terms with the requirements and procedures under Bermuda law for effecting a conversion; it is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice in Bermuda on their specific proposals before taking steps to implement them.
Before proceeding with a conversion, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
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Bermuda: Conversion of an Exempted Limited Partnership to an Exempted Limited Liability Company