Note to clients of Authorisation of O’Neill & Partners to operate as an LLP (Limited Liability Partnership)

S.I. No. 519/2019 – Legal Services Regulation Act 2015 (Limited Liability Partnerships) (Section 130) Regulations 2019

Under the Legal Services Regulation Act, 2015 (Limited Liability Partnerships) (Section 130) Regulations 2019 (S.I. 519 of 2019) as soon as practicable after we have been authorised to operate as an LLP we are obliged to provide the following information to our clients and creditors: –

• O’Neill & Partners has been authorised to operate, and are now operating as an LLP (hereinafter called “the LLP”);
• The LLP has been authorised with effect from 01 February 2025
• From 01 February 2025, 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 party or partners in the LLP or any employee, agent or representatives of the LLP) and however such liability may arise;
• That (c) above 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, and;
• That from 01 February 2025 the Partnership Act 1890 applies to the LLP to the extent that it is not inconsistent with Chapter 3 of Part 8 of the Legal Services Regulations Act 2015.