WARNING ON LOST LIMITED LIABILITY STATUS FOR UK COMPANIES AND LLP IN NO DEAL BREXIT

On 28 February, Accountancy Daily reported that In the event of a no deal Brexit, the limited liability status of UK companies and limited liability partnership (LLP) may not be recognised in some EU jurisdictions, raising substantial business and personal risks, according to analysis of official government advice by RSM, which is urging businesses to ensure they review their structure.

https://www.accountancydaily.co/warning-lost-limited-liability-status-no-deal-brexit

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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