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If one of the activities of an ET LLP were to be to publish documents either on or off-line then it would be the LLP that would be the "Publisher" and therefore potentially liable for libels by its Members as agents.

In which case the LLP would actually be "doing" something, to wit, publishing.

But it would also be possible for the "Founder"/ Custodian LLP member to be, not Jerome personally, as now, but (say) a "Not for Profit" Company Limited by Guarantee, and for this entity to be the "Publisher" and protected by its own limitation of liability.

In which case the LLP would be the framework defining the legal relationship between the Publisher and the other stakeholders, eg the service provider who operates the platform, and investor "Capital Members", if any.

There is more than one way to skin the cat.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Nov 13th, 2007 at 01:02:27 PM EST
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