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On partnerships of limited liability
2007The unlimited liability existing under the English law prevents a prudent man from connecting himself as a partner with any business to which he cannot give his personal attention. This operates as a restriction on the employment of capital, and it has been suggested that it would be of advantage to the community to adopt the system of partnerships of ...
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12. Limited Liability Partnerships—Liability to Third Parties
2015This chapter discusses the liabilities of members of limited liability partnerships (LLP) to third parties. Aside from its debts, an LLP may be liable either in its own right as the contracting party or tortfeasor by way of attribution or vicariously for the acts of its agents and employees as any other principal or employee.
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11. Limited Liability Partnerships—Membership
2015This chapter considers the requirements needed to become a member of a limited liability partnership (LLP) under the Limited Liability Partnerships Act 2000 (LLP Act). The term ‘member’ of an LLP is used to distinguish them from partners, directors, or shareholders.
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Limited Liability Partnerships and Partnership Law Reform in the United Kingdom
2004Abstract This chapter evaluates recent proposals of the Law Commission's joint consultation paper on Partnership Reform in the United States. It begins by considering the development and introduction of the limited liability partnership (LLP) and whether it will provide effective limited liability for the professions.
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