Partnerships exist in most jurisdictions and have specific characteristics. A number of partnerships have special characteristics that make them specially interesting for tax planning purposes:
- A Limited Partnership (LLP). This partnership adds the limited liability normally associated to a limited company to the partnership. It remains at the same time tax transparent under most circumstances, i.e. the LLP does not pay tax, but the tax liability goes to the members.
- A Limited Liability Company (LLC). This is another hybrid structure that combines aspects of a partnership with the liability of a limited company.
- Anglo Saxon Foundations. These can be structured as a more effective structure than the traditional civil law foundation (p.e. the Liechtenstein Foundation).