| _version_ |
1860799557185568768
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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 |
2019-01-01 10:28:52
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| eventvenue |
UNISZA
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| format |
Restricted Document
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| id |
6466
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| institution |
UniSZA
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| originalfilename |
1382-01-FH03-FUHA-19-22898.pdf
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| person |
PDFium
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| recordtype |
oai_dc
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| resourceurl |
https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6466
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| spelling |
6466 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6466 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Conference Conference Paper application/pdf 3 Adobe Acrobat Pro DC 20 Paper Capture Plug-in 1.7 PDFium 2019-01-01 10:28:52 1382-01-FH03-FUHA-19-22898.pdf UniSZA Private Access The evolution of partnership structure; Special reference to governance legal framework for LLPs. Limited liability partnership (LLP) is a new business vehicle that gain popularity among the small and medium businesses (SMEs) due to the concept of “partners limited”; whereby all the business partners in the LLP do not have to worry of being sued or be responsible on the partnership obligations and liabilities. If anything happen to the LLP, the law spells out that the partners’ personal assets are not affected at all under the legal process such as possession of belongings to pay the LLP debts. LLP business structure is based on trust and good faith; but somehow an agreement shall be sign by all partners to ensure fair sharing of profit and loss; or other business practices. In Malaysia, LLP has been introduced and recognized as a body corporate; with the separate entity between the partners and LLP. This paper deliberates on the concept of LLP and the proposed governance framework which would be useful for Malaysia LLPs. INTERNATIONAL CONFERENCE ON LAW AND GLOBALISATION 2018 (ICLG2018) UNISZA
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| spellingShingle |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
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| summary |
Limited liability partnership (LLP) is a new business vehicle that gain popularity among the small and medium businesses (SMEs) due to the concept of “partners limited”; whereby all the business partners in the LLP do not have to worry of being sued or be responsible on the partnership obligations and liabilities. If anything happen to the LLP, the law spells out that the partners’ personal assets are not affected at all under the legal process such as possession of belongings to pay the LLP debts. LLP business structure is based on trust and good faith; but somehow an agreement shall be sign by all partners to ensure fair sharing of profit and loss; or other business practices. In Malaysia, LLP has been introduced and recognized as a body corporate; with the separate entity between the partners and LLP. This paper deliberates on the concept of LLP and the proposed governance framework which would be useful for Malaysia LLPs.
|
| title |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
|
| title_full |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
|
| title_fullStr |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
|
| title_full_unstemmed |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
|
| title_short |
The evolution of partnership structure; Special reference to governance legal framework for LLPs.
|
| title_sort |
evolution of partnership structure; special reference to governance legal framework for llps.
|