Limited Partnerships have been an option for Irish businesses since their introduction in the Limited Partnerships Act 1907.
My Department began a review of the Act in 2018 as part of its ongoing policy agenda to review and enhance Ireland’s regulation and enforcement regime.
As part of the review process, my Department sought submissions from interested parties on a range of proposals for reform of limited partnerships. The public consultation was published on 18 January, and ended on 1 March 2019.
Thirteen submissions were received and were published on the Department’s website on 7 June.
My Department is currently developing draft legislation proposals with a view to submitting them to Government in the next legislative session.