“LLP @ PLT”; NEW BUSINES VEHICLES FOR PROFESSIONAL BUSINESS IN MALAYSIA

Abd Ghadas, Zuhairah Ariff (2015) “LLP @ PLT”; NEW BUSINES VEHICLES FOR PROFESSIONAL BUSINESS IN MALAYSIA. In: INTERNATIONAL CONFERENCE ON LAW & SOCIETY IV (ICLAS IV), 10-11 MAY 2015, UNIVERSITI SULTAN ZAINAL ABIDIN.

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Abstract

Prior to 2012, the business vehicles in Malaysia are merely confined to sole proprietorships, partnerships and company. However, with the enactment of the Limited Liability Partnership (LLP) Act in February 2012, a new business vehicle was introduced in Malaysia as an alternative and additional option to the existing business vehicles. In Malaysia, the lawyers and accountants are only allowed to carry out business either through sole proprietorships or partnerships structure. In both business entities, the lawyers and accountants do not enjoy any protection of limited liability, either for negligence or business debts. Despite the rigidity of the governing rules, the law acknowledged the importance of the professionals to carry out their private practices and businesses and allows these professions to carry out their businesses as Limited Liability Partnerships (LLP). This paper discusses attributes of the Malaysia LLP and the provisions which available for professionals LLP.

Item Type: Conference or Workshop Item (Paper)
Subjects: K Law > K Law (General)
Faculty / Institute: Faculty of Law, Accountancy & International Relations
Depositing User: Prof. Dr Zuhairah Ariff Abd Ghadas
Date Deposited: 29 Dec 2015 03:04
Last Modified: 29 Dec 2015 03:04
URI: http://erep.unisza.edu.my/id/eprint/4277

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