(f) if the foreign partnership is a professional company, Carey Olsen Jersey LLP is registered as a limited liability company in Jersey, with registration number 80. Conversely, the legal rights of a commander under §17-305 of the law cannot be exercised by an assignee who has the social interest of such a commander. The law defines the interest of partnership only with regard to economic rights. § 17-101 (12) of the Act. The standard rule of the law provides that limited partners are entitled to the economic rights of an assignor, a limited partner, but who do not have the right to exercise other rights or powers of a sponsor. See § 17-702 (a) of the Act; U-H Acquisition Co. v. Barbo, C.A. No. 13279, Hartnett, V.C. (Del. Ch. Jan.
31, 1994) (the transferee of limited partnerships) was not entitled to bring derivative actions. An employment contract defines from the outset the obligations and expectations of both the partnership and the staff. The employment contract is very important for the proper functioning of the company. An employment contract should cover key areas such as probation, remuneration, social benefits, hours, annual leave and dismissal. It will help minimize disputes and ensure a happy working environment. 109 (1) A limited liability company shall keep an up-to-date and alphabetical list of its partners at its head office, including the full name and mandatory address of each partner. 2. The assets of a limited partnership may not be transferred in order to obtain the release of an office created under paragraph 1. After the dissolution of a limited partnership, the affairs of the limited partnership are settled. 108 (1) A limited liability company shall have its head office in British Columbia.