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Category: PARTNERSHIP LAW
Dissolution of Partnership
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How To Set Up A Partnership In Malaysia?
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Introduction to Limited Liability Partnership
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Liability of Partners When Limited Liability Partnership Becomes Insolvent
In the event an LLP becomes insolvent, a partner’s liability should be limited to the amount of his capital contribution to the LLP subsisting at the time. However, if the partner (or a former partner) in the course of distribution knows…
Limited Liability Partnership Act 2012 And Legal Liability Of The Partners
Whilst LLP is a familiar feature in the UK, it was in December 2003 that SSM issued its initial Consultative Document (CD) proposing the introduction of the LLP as an alternative form of business vehicle for small businesses, start-ups and…
Legal Concepts Of Limited Liability Partnership (LLP)
A limited liability partnership can be incorporated in order to run a business that comprises of two or more partners. It is a type of partnership whereby certain or all partners have limited liabilities. It is different from a…
The Status of Malaysian Joint Liability in Partnership
The Status of Malaysian Joint Liability in Partnership In a partnership, it is established law that all partners have the authority to act on behalf of the firm (Partnership Act). Every partner is therefore treated as an agent of the…
