As and from 21st March 2022 (“the Relevant Date”) this Firm has been authorised to operate, and is operating, as an LLP. The Firm will be known as Walsh & Partners Solicitors LLP.
An LLP is a limited liability partnership established in accordance with the Legal Services Regulation Act 2015 (“the Act”) and authorised by the Legal Services Regulatory Authority.
As and from the Relevant Date, as set out in section 123 of the Act (subject to the exceptions listed therein), a partner in the LLP has no personal liability for any debts, liabilities or obligations which are incurred for the purpose of carrying on the business of the LLP (whether these are liabilities of the LLP, of himself or herself, of another partner or partners in the LLP or of any employee, agent or representative of the LLP) and however such liability may arise.
This restriction however relates only to the personal liability of partners and does not prevent or restrict the enforcement against the property of the LLP of any debt, liability or obligation.
As and from the Relevant Date the Partnership Act 1890 applies to the LLP to the extent that it is not inconsistent with Chapter 3 of Part 8 of the Act.