St. Peters Trust Company Guernsey.
Limited partnerships.
Partnerships Guernsey.

Guernsey Limited Partnerships

A partnership may be defined as a relationship which subsists between persons carrying on a business in common with a view of profit.

The liability of partners was initially unlimited, although over the years limited partnerships, whereby some partners could benefit from the protection of limited liability and more recently, limited liability partnerships, whereby all partners liability is limited, have been introduced in many jurisdictions.

Even if a general partnership is used, the effective liability of individuals may be limited by virtue of using a limited company as a partner.

A Guernsey limited partnership can afford a number of advantages including:

  • Transparency for tax purposes, meaning that the partnership itself is not taxable but the partners are
  • Inheritance tax planning advantages (e.g. for UK residents).
  • Flexibility in terms of changes of the partnership agreement, the proper law of the partnership, etc.
  • The use of a partnership in conjunction with other vehicles, including companies, for effective planning.

St Peters Trust Guernsey have experience in the establishment and administration of partnerships including provision of appropriate vehicles to act as partners, statutory compliance, administration and accounting services in a number of jurisdictions.

For more information about Guernsey Partnerships please contact St Peters Trust.

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Guernsey trust companies.




Channel Islands companies.


Guernsey fiduciary services.


Guernsey and the Channel Islands, for many reasons, provide a competent, stable, low-tax and convenient location