Limited Liability Partnership – BHSM LLP
Effective 4 January 2021, BHSM will operate as a limited liability partnership, established in the Republic of Ireland. BHSM LLP registered in Ireland is regulated by the Law Society of Ireland and authorised by the Legal Services Regulatory Authority in Ireland to operate as a limited liability partnership under the Legal Services Regulation Act 2015.
As set out in the Legal Services Regulation Act 2015, (subject to the exceptions listed therein), a Partner in BHSM LLP, has no personal liability for any debts, liabilities or obligations which are incurred for the purpose of carrying on the business of BHSM LLP (whether these are liabilities of BHSM LLP, of himself / herself, of another partner / member or partners or members in BHSM LLP or of any employee, agent or representative of BHSM LLP) and however such liability may arise.
The above relates only to the personal liability of Partners and does not prevent or restrict the enforcement against the property of BHSM LLP of any debt, liability or obligation. The Partnership Act 1890 (Ireland) applies to BHSM LLP to the extent that it is not inconsistent with Chapter 3 of Part 8 of the Legal Services Regulation Act 2015.