A Limited Liability Partnership (LLP) has many of the characteristics of a traditional partnership, but it is also a separate legal entity from its participants, governed by company law rules. Working out which sections of company law do and do not apply to this particular structure is a major difficulty for practitioners. Palmer's Limited Liability Partnership Law, now in its third edition, gives clarity to this still emerging field of law by combining analytical examination of the issues of running an LLP with extracts of pertinent legislation that people working in this area can rely upon.
Key features of Palmer's Limited Liability Partnership Law:
- A comprehensive guide on the law governing limited liability partnerships (LLPs).
- Formation, accounting, and auditing are all covered, as well as members, minority protection, raising loan capital, insolvency, and disqualification.
- Explains all relevant LLP case law, much of which has not been thoroughly examined.
- Clarifies which parts of the Companies Act 2006 apply to LLPs and which do not.
- Includes the complete text of LLP legislation, as well as any related rules, as chosen by the team of expert authors.
- Compares Scotland's situation to that of England and Wales.
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