Changing or Ending an Entity
Electing legal personality, moving into or out of Bermuda, converting to another form, and bringing an entity to an end.
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Electing legal personality
The election is irrevocable. It confers personality, not limited liability.
Continuing into Bermuda
Continuance does not create a new legal entity.
Discontinuing out of Bermuda
Requires a members' resolution and a declaration of solvency.
Converting between entity types
Including continuing an incorporated segregated account as a company.
Voluntary strike off
What to do when an entity is no longer needed.
Winding up and liquidation
Members' voluntary, creditors' voluntary and court liquidation.