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Joint Equity Investment Partnerships JEIPs -
► Setting up and managing a JEIP
JEIPs are very simple in structure and are easy to set up and manage.
We have two primary managers in the process.
► JEIP Sponsor
All Joint Equity Investment Partnership LLPs require a Sponsor, the person that puts the LLP together and recruits the members, the Partners.
The Sponsor provides the details to Bailey Phillips for incorporation of the LLP and for notifying the Inland Revenue.
The Sponsor maybe a Partner, with an equal or a minor shareholding, in the business or they maybe someone that just sets up the JEIP and has no further involvement.
Sponsors are paid a fee
► JEIP Managing Partner
We also require the Partners to nominate a Managing Partner who will manage the day to day activities of the LLP. They will be the prime contact for Joint Equity and the LLP accountant.
The Managing Partner must be a LLP Member and the extent of his authority is agreed by the other Members and detailed in the JEIP Agreement.
The Managing Partner prime responsibility is to look at Joint Equity investments and advise the other Members of the opportunities. They are also responsible for letting Joint Equity know the LLP wants to invest and for completing all application forms for the mortgage etc.
The Managing partner may be paid a fee and expenses.
► JEIP information
Click here to register as a Joint Equity Investment Partner and download the JEIPs Information Sheet
Joint Equity Investment Partnerships & JEIPs are trading names of Joint Equity Ltd
Joint Equity Ltd works with Mortgage Beaters Ltd to provide case studies & Illustrations to prospective Owner-
Joint Equity Ltd are introducer appointed representatives of Mortgage Beaters Ltd, which is authorised and regulated by the Financial Services Authority.
The content of this website is accurate to the best of our knowledge and for information only. We do not provide financial advice.
The Joint Equity Investment Partnership Partners Agreement sets out how the Partnership is managed and it is comprehensive but there are a few areas that the Partners need to decide such as:-
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How will it be decided to invest in a property ? Are all the Partners involved or does the Managing Partner make the decision for everyone?
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The limits of the Managing Partner’s authority
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