News / Cayman Islands: Introducing Limited Liability Companies
On 18 December 2015 the Cayman Islands Government announced the establishment of a Cayman Islands Limited Liability Company (LLC). 

The Cayman Islands LLC will be largely based on the existing Delaware LLC model, but with the necessary modifications required to fit with existing Cayman Islands law.

The LLC will offer separate legal personality and limited liability for its members. The internal operations of a Cayman Islands LLC will have the chance to be tailored in the operating agreement to the specific needs of the LLC members in respect of capital accounting and commitments, allocation of profits and losses, distributions, voting rights and classes of interest. 

It is anticipated that the LLC Bill will be approved during the first quarter of 2016. 

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