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Joint Equity Investment partnerships JEIPs -
► Structure of a JEIP
JEIPs are very simple in structure and are easy to set up and manage. But because we are Joint Equity and we make even simple things very easy.
The legal entity is a Limited Liability Partnership known as an LLP and it is exactly like an old style Partnership, where there is no corporate level tax as long as all profits are distributed. Many professional practices such as Chartered Surveyors have moved from Partnership to LLP so it is now a well established structure.
An LLP differs from a registered Company, whether it is Private or Public, in that there are very few regulations. Because the owners of the business are the Partners, there can be no non participating shareholders, you effectively manage the business in any way you want.
However, as the Joint Equity LLP are incorporated for a specific purpose we have developed a LLP Partners Agreement that will cover most contingencies. More on LLPs here.
► Legal requirements of an LLP
An LLP must be registered at Companies House and one or more Partners must be designated as the managing partner(s). This is for legal and tax purposes and is not the same as our definition of JEIP Managing Partner see here.
There are also governance and compliance requirements, such as notifying Companies House if a Partner changes their home address and publishing accounts annually. The accounts that are published are not as extensive as those for a Ltd Company but still have to be submitted after the year end.
The Partners also need a tax certificate which details their income for the year, as all profits must be distributed annually, and the Partners need to include the JEIP profits in their personal tax returns.
Now all this may seem a bit daunting but, as usual, Joint Equity works to make the set up and management of any of our products transparent, easy and painless.
We have therefore negotiated fixed price set up and annual management services with a fully regulated accountant, Bailey Phillips, who know the Joint Equity product range very well. That means the partners can concentrate on developing the business and profits rather than worrying about which form to send to Companies House.
JEIPs are
► JEIP information
Click here to register as a Joint Equity Investment Partner and download the JEIPs Information Sheet
While it is not a legal requirement for an LLP to have a Partners Agreement you would be mad not to have one just think what would happen if one Partner wanted to resign if there was no agreed route to leave the Partnership. Nightmare.
Of course investing in Joint Equity properties means you also have a special relationship with your Owner-
Therefore, to invest in Joint Equity properties we require you to have signed the JEIP Partners Agreement which protects each Partner in the JEIP and your co-
Without the protection of the JEIP Partners Agreement we will not allow the LLP to invest in Joint Equity properties.
Tough? Yes but as you know Joint Equity is an ethical business which promotes ethical property investments and we always tell it like it is.
The LLP Partners Agreement makes your obligations and liabilities quite clear to all parties therefore we have to know you understand them before you invest.
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.