Jersey has published the Limited Liability Companies (Jersey) Law 201-, which was adopted by the States on 11 September 2018 and is currently pending sanctioning and registration by the Royal Court. The Law provides for the formation of limited liability companies (LLCs) similar to the U.S. LLC. The Jersey LLC combines elements of both Jersey limited companies and statutory partnerships, resulting in it having a separate legal personality without being considered a body corporate. Further, the Jersey LLC is a transparent entity for tax purposes, i.e., the profits are allocated to the members of the LLC, who would be required...