"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008

Partnerships structure has long been accepted as one of the major business vehicles. It is generally opted by small and medium businesses and by the professionals. With the development of the economy, the general partnerships structure was found to be no longer suitable for some of the businesses, p...

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Main Author:	Abd Ghadas, Zuhairah Ariff
Format:	Conference or Workshop Item
Language:	English
Published:	2009
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/12018/ http://irep.iium.edu.my/12018/ http://irep.iium.edu.my/12018/1/2009_-_%27New_boys_on_the_block%27_limited_liability_partnerships-_Special_reference_to_the_LLP_consultative_document_April_2008.pdf

id	iium-12018
recordtype	eprints
spelling	iium-120182011-12-27T06:35:24Z http://irep.iium.edu.my/12018/ "New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008 Abd Ghadas, Zuhairah Ariff K Law (General) Partnerships structure has long been accepted as one of the major business vehicles. It is generally opted by small and medium businesses and by the professionals. With the development of the economy, the general partnerships structure was found to be no longer suitable for some of the businesses, particularly the professionals. The rising cost in trade and litigation has forced partners to take precaution as regards the extent of liabilities in the business. These lead to development in partnerships structure to limited partnership, limited liability partnerships, and incorporated limited liability partnerships. In Malaysia, the Companies Commission of Malaysia (CCM) had recently published the second consultation paper on Limited Liability Partnerships (LLP). As LLP is still an alien business structure in Malaysia, the consultation paper highlighted some of the important features of a LLP that differ it from the existing business vehicles. The consultation paper also marked the birth of change in Malaysian Partnership laws after nearly 35 years of settling with only the Partnerships Act 1961. This paper intends to discuss features of Malaysian LLP as proposed by the CCM and how the new LLP will affect businesses in Malaysia, particularly the partnerships structure. 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/12018/1/2009_-_%27New_boys_on_the_block%27_limited_liability_partnerships-_Special_reference_to_the_LLP_consultative_document_April_2008.pdf Abd Ghadas, Zuhairah Ariff (2009) "New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008. In: International Conference on Corporate Law (ICCL) 2009, 1-3 June 2009, Surabaya, Indonesia. http://www.fh.unair.ac.id/agenda.hukum.php?id=13
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	K Law (General)
spellingShingle	K Law (General) Abd Ghadas, Zuhairah Ariff "New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
description	Partnerships structure has long been accepted as one of the major business vehicles. It is generally opted by small and medium businesses and by the professionals. With the development of the economy, the general partnerships structure was found to be no longer suitable for some of the businesses, particularly the professionals. The rising cost in trade and litigation has forced partners to take precaution as regards the extent of liabilities in the business. These lead to development in partnerships structure to limited partnership, limited liability partnerships, and incorporated limited liability partnerships. In Malaysia, the Companies Commission of Malaysia (CCM) had recently published the second consultation paper on Limited Liability Partnerships (LLP). As LLP is still an alien business structure in Malaysia, the consultation paper highlighted some of the important features of a LLP that differ it from the existing business vehicles. The consultation paper also marked the birth of change in Malaysian Partnership laws after nearly 35 years of settling with only the Partnerships Act 1961. This paper intends to discuss features of Malaysian LLP as proposed by the CCM and how the new LLP will affect businesses in Malaysia, particularly the partnerships structure.
format	Conference or Workshop Item
author	Abd Ghadas, Zuhairah Ariff
author_facet	Abd Ghadas, Zuhairah Ariff
author_sort	Abd Ghadas, Zuhairah Ariff
title	"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
title_short	"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
title_full	"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
title_fullStr	"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
title_full_unstemmed	"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008
title_sort	"new boys on the block" limited liability partnerships; special reference to the llp consultative document april 2008
publishDate	2009
url	http://irep.iium.edu.my/12018/ http://irep.iium.edu.my/12018/ http://irep.iium.edu.my/12018/1/2009_-_%27New_boys_on_the_block%27_limited_liability_partnerships-_Special_reference_to_the_LLP_consultative_document_April_2008.pdf
first_indexed	2023-09-18T20:21:14Z
last_indexed	2023-09-18T20:21:14Z
_version_	1777408120744574976

"New boys on the block" limited liability partnerships; Special reference to the LLP consultative document April 2008

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