Limited liability partnerships: its emergence in Southeast Asia

A business entity is basically a structure which is recognized by the law as a valid medium to carry on trade. Globally, there are many types of business entities but the common business entites which are practiced all over the world are the sole proprietorship, partnerships (firm) and companies. In...

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Main Author:	Abd Ghadas, Zuhairah Ariff
Format:	Conference or Workshop Item
Language:	English
Published:	2010
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/12489/ http://irep.iium.edu.my/12489/1/2010_-_Limited_liability_partnerships-_its_emergence_in_southeast_Asia.pdf

id	iium-12489
recordtype	eprints
spelling	iium-124892011-12-28T01:56:14Z http://irep.iium.edu.my/12489/ Limited liability partnerships: its emergence in Southeast Asia Abd Ghadas, Zuhairah Ariff K Law (General) A business entity is basically a structure which is recognized by the law as a valid medium to carry on trade. Globally, there are many types of business entities but the common business entites which are practiced all over the world are the sole proprietorship, partnerships (firm) and companies. In Malaysia, these three are the only business structure which is offered in the market place. In many other countries, business entities have been expanded and developed to cater the business needs. One of the latest inventions of business entity is the limited liability partnerships (LLPs). LLP is a fascinating business structure as it could have the status of either a legal entity which is not a body corporate or a body corporate. In the United Kingdom, for example, the off shores LLPs, such as the Isle of Jersey LLPs have the status of a legal entity which is not a body corporate whilst in the mainland; the UK LLPs have the status of a body corporate. In the South East Asia region, at present LLPs is only available in Selangor. In Malaysia, there is a positive indication towards introducing LLPs in the near future as the Companies Commission of Malaysia (CCM) had recently published the consultation documents on LLP (April 2009). This paper intends to discuss features of LLPs as a new business entity and as the latest creation of a body corporate. Special reference is made to the Jersey LLPs and the UK LLPs to highlight different types of LLPs structure and also to the Singapore LLP Act 2005 and the Companies Commission of Malaysia (CCM) consultation documents on LLP (April 2008) to underline the attributes of LLPs which are available in the South East Asia. 2010 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/12489/1/2010_-_Limited_liability_partnerships-_its_emergence_in_southeast_Asia.pdf Abd Ghadas, Zuhairah Ariff (2010) Limited liability partnerships: its emergence in Southeast Asia. In: 4th International Borneo Business Conference 2010, 13-15 December 2010, Miri, Sarawak.
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 Limited liability partnerships: its emergence in Southeast Asia
description	A business entity is basically a structure which is recognized by the law as a valid medium to carry on trade. Globally, there are many types of business entities but the common business entites which are practiced all over the world are the sole proprietorship, partnerships (firm) and companies. In Malaysia, these three are the only business structure which is offered in the market place. In many other countries, business entities have been expanded and developed to cater the business needs. One of the latest inventions of business entity is the limited liability partnerships (LLPs). LLP is a fascinating business structure as it could have the status of either a legal entity which is not a body corporate or a body corporate. In the United Kingdom, for example, the off shores LLPs, such as the Isle of Jersey LLPs have the status of a legal entity which is not a body corporate whilst in the mainland; the UK LLPs have the status of a body corporate. In the South East Asia region, at present LLPs is only available in Selangor. In Malaysia, there is a positive indication towards introducing LLPs in the near future as the Companies Commission of Malaysia (CCM) had recently published the consultation documents on LLP (April 2009). This paper intends to discuss features of LLPs as a new business entity and as the latest creation of a body corporate. Special reference is made to the Jersey LLPs and the UK LLPs to highlight different types of LLPs structure and also to the Singapore LLP Act 2005 and the Companies Commission of Malaysia (CCM) consultation documents on LLP (April 2008) to underline the attributes of LLPs which are available in the South East Asia.
format	Conference or Workshop Item
author	Abd Ghadas, Zuhairah Ariff
author_facet	Abd Ghadas, Zuhairah Ariff
author_sort	Abd Ghadas, Zuhairah Ariff
title	Limited liability partnerships: its emergence in Southeast Asia
title_short	Limited liability partnerships: its emergence in Southeast Asia
title_full	Limited liability partnerships: its emergence in Southeast Asia
title_fullStr	Limited liability partnerships: its emergence in Southeast Asia
title_full_unstemmed	Limited liability partnerships: its emergence in Southeast Asia
title_sort	limited liability partnerships: its emergence in southeast asia
publishDate	2010
url	http://irep.iium.edu.my/12489/ http://irep.iium.edu.my/12489/1/2010_-_Limited_liability_partnerships-_its_emergence_in_southeast_Asia.pdf
first_indexed	2023-09-18T20:21:41Z
last_indexed	2023-09-18T20:21:41Z
_version_	1777408149496528896

Limited liability partnerships: its emergence in Southeast Asia

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