| _version_ |
1860797469652156416
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| building |
INTELEK Repository
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| collection |
Online Access
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| collectionurl |
https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
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| date |
2017-03-12 11:00:36
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| format |
Restricted Document
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| id |
12840
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| institution |
UniSZA
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| internalnotes |
Banks, I. R. C. (1990). Lindley and Banks on partnership. London: Sweet & Maxwell. Birds, J. (2000). A new form of business association for the 2lst century. The Company Lawyer, 21(1), 39. Coppedge, B. R., & McCormick, W. F. (1998). Creating limited liability for a general partnership, LLP or LLLP. Georgia Bar Journal, 8–12. Faber, D. (1997). The law commission review of the law of partnership. Butterworths Journal of International Banking and Financial Law, 12, 242-246. Fletcher, K. L. (1996). The law of partnership in Australia and New Zealand (7th ed.). Sydney: LBC Information Services. Gothell, B. (1996). Panel recommends new business entities for lawyers. New Jersey Law Journal, 5-6. Gray, J. (1997). DTI consults on limited liability partnerships. Butterworths Journal of International Banking and Financial Law, June, 242. Griffiths, A. (1998). Professional firms and limited liability: An analysis of the proposed limited liability partnerships. Corporate and Finance International/Law Review, 2(2), 157–173. Howell, C. (2000). Limited liability partnerships, liability for negligent misstatements and the Limited Liability Partnerships Act 2000. The Company Lawyer, 22(2), 58–59. Labuan Business Activities Tax Act of 1990. Labuan Limited Partnerships and Limited Liability Partnerships Act of 2010. Limited Liability Partnerships Act of 2012. Machen, A. W. (1911). Corporate personality. Harvard Law Review, 24(4), 253–267. Rinze, J. (1994). The English private and public limited company as managing general partner in a German limited partnership (Ltd & Co KG). The Company Lawyer, 15(9), 285–287. Sheikh, S. (1997). Limited liability partnerships: A new trading vehicle. International Company and Commercial Law Review, 8, 270–276. Walker, J. (1998). Limited liability partnerships: True partnerships? Jersey Law Review, 2(1), 1–13.
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7147-01-FH02-FUHA-17-08429.jpg
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| person |
norman
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| recordtype |
oai_dc
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| resourceurl |
https://intelek.unisza.edu.my/intelek/pages/view.php?ref=12840
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| spelling |
12840 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=12840 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal image/jpeg inches 96 96 norman 1439 56 56 778 2017-03-12 11:00:36 1439x778 7147-01-FH02-FUHA-17-08429.jpg UniSZA Private Access Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice Pertanika Journal of Social Sciences and Humanities Prior to 2012, the business practice and legal frameworks in Malaysia were primarily carried out in the form of sole proprietorships, partnerships and registered company. However, with the development of the economy, the general partnership structure was found to be no longer suitable for some of businesses, particularly professional ones. The rising cost of conducting trade and litigation has forced partners to take precautions with regards to liabilities connected with doing business. This led to the introduction of limited liability partnership (LLP). In Malaysia, the Limited Liability Partnership (LLP) Act was enacted in February 2012; it introduced a new business vehicle in the local market. LLPs are seen as alternative business vehicles for professionals in Malaysia who are not allowed to carry out business in the form of companies, namely lawyers and accountants. Such restriction is provided by the professional’s regulatory body such as the Bar Council and the Malaysian Institute of Accountants. With the introduction of LLP, these two professions are allowed to enjoy quasi limited liability by carrying out their private practice in the form of LLP. This paper discusses the legal framework of Malaysian LLP and how it is useful for the legal and accounting private practice. 23 Universiti Putra Malaysia Universiti Putra Malaysia 211-218 Banks, I. R. C. (1990). Lindley and Banks on partnership. London: Sweet & Maxwell. Birds, J. (2000). A new form of business association for the 2lst century. The Company Lawyer, 21(1), 39. Coppedge, B. R., & McCormick, W. F. (1998). Creating limited liability for a general partnership, LLP or LLLP. Georgia Bar Journal, 8–12. Faber, D. (1997). The law commission review of the law of partnership. Butterworths Journal of International Banking and Financial Law, 12, 242-246. Fletcher, K. L. (1996). The law of partnership in Australia and New Zealand (7th ed.). Sydney: LBC Information Services. Gothell, B. (1996). Panel recommends new business entities for lawyers. New Jersey Law Journal, 5-6. Gray, J. (1997). DTI consults on limited liability partnerships. Butterworths Journal of International Banking and Financial Law, June, 242. Griffiths, A. (1998). Professional firms and limited liability: An analysis of the proposed limited liability partnerships. Corporate and Finance International/Law Review, 2(2), 157–173. Howell, C. (2000). Limited liability partnerships, liability for negligent misstatements and the Limited Liability Partnerships Act 2000. The Company Lawyer, 22(2), 58–59. Labuan Business Activities Tax Act of 1990. Labuan Limited Partnerships and Limited Liability Partnerships Act of 2010. Limited Liability Partnerships Act of 2012. Machen, A. W. (1911). Corporate personality. Harvard Law Review, 24(4), 253–267. Rinze, J. (1994). The English private and public limited company as managing general partner in a German limited partnership (Ltd & Co KG). The Company Lawyer, 15(9), 285–287. Sheikh, S. (1997). Limited liability partnerships: A new trading vehicle. International Company and Commercial Law Review, 8, 270–276. Walker, J. (1998). Limited liability partnerships: True partnerships? Jersey Law Review, 2(1), 1–13.
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| spellingShingle |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
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| summary |
Prior to 2012, the business practice and legal frameworks in Malaysia were primarily carried out in the form of sole proprietorships, partnerships and registered company. However, with the development of the economy, the general partnership structure was found to be no longer suitable for some of businesses, particularly professional ones. The rising cost of conducting trade and litigation has forced partners to take precautions with regards to liabilities connected with doing business. This led to the introduction of limited liability partnership (LLP). In Malaysia, the Limited Liability Partnership (LLP) Act was enacted in February 2012; it introduced a new business vehicle in the local market. LLPs are seen as alternative business vehicles for professionals in Malaysia who are not allowed to carry out business in the form of companies, namely lawyers and accountants. Such restriction is provided by the professional’s regulatory body such as the Bar Council and the Malaysian Institute of Accountants. With the introduction of LLP, these two professions are allowed to enjoy quasi limited liability by carrying out their private practice in the form of LLP. This paper discusses the legal framework of Malaysian LLP and how it is useful for the legal and accounting private practice.
|
| title |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
|
| title_full |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
|
| title_fullStr |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
|
| title_full_unstemmed |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
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| title_short |
Limited liability partnership (llp@plt): New business vehicle for the Malaysian legal and accounting private practice
|
| title_sort |
limited liability partnership (llp@plt): new business vehicle for the malaysian legal and accounting private practice
|