Our highly experienced legal team have an in-depth knowledge of cell companies
Company Law is an integral part of all commercial and corporate structures.
Cell companies are companies whose assets and liabilities may be attributed to a particular separate cell of the cell company or to the cell company itself.
What are cell companies?
A Protected Cell Company (PCC) is a separate legal entity. However, its cells are not corproate bodies and do not have a legal identity separate from the PCC of which they form part. Notwithstanding this fact, a cell of a PCC is treated as a company for the purposes of the application to it of the Companies Act.
An Incorporate Cell Company (ICC) is similar in many respects to a PCC. However, each incorporated cell of an ICC is a company in its own right (albeit also as a cell of the ICC).
Although there are many advantages to incorporating cell companies. Both ICCs and PCCs have their fundamental purpose as the segregation of assets and liabilities within separate cells without the risk of cross-contamination of assets.
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If you need to talk to someone about the creation or adminstration of cell companies, then take the first step and email firstname.lastname@example.org. Alternatively you can call us on 01624 639350 to arrange your free initial consultation with us today at our office, over the telephone or via video call.