Limited Liability Partenership
Executive Summary
|Anglo-American was the first to establish a system of Limited Liability Partnership. Its purpose was to solve the conflict |
|between the continually expanding professional service organizations and unlimited joint liability. In 2006, newly revised the |
|"Law of the People’s Republic of China on Enterprise Partnership" referenced this system, referred to as "special general |
|partnership". This new organization blocked the unlimited joint liability among partners, partners protected by limited |
|liability. Because of an earlier introduction, the limited liability partnership of Anglo-American is more developed and more |
|mature. In comparison, the legislation in China is simple and composed of only five clauses.In theory and practice this has some |
|drawbacks.Besides introduction and conclusion,this dissertation contains four parts through the use of historical narration and |
|comparative analysis to study the Limited Liability Partnership. We consider the problems of our system and put forward some |
|suggestions on improving it.The introduction will mainly focus on the purpose of this dissertation,and reviews the results of |
|research on LLP about home and abroad.Part two introduces the basic theory behind LLP. It covers the origins, the definition and |
|the legal characteristics. It also studies the process through which China to establish this system. Finally we will compare LLP |
|with other types of organizations, exploring some distinguishing characteristics of LLP.Part three is the comparative law study |
|on LLP. This part will compare the legal status, who is allowed to use this form, partner’s liability and how to protect |
|creditors between China and Anglo-American. Following this comparison we sum up the differences between China and Anglo-American |
|and pave the way for the part four and part five. In regard who is allowed to use this form,I think it is suitable
|Anglo-American was the first to establish a system of Limited Liability Partnership. Its purpose was to solve the conflict |
|between the continually expanding professional service organizations and unlimited joint liability. In 2006, newly revised the |
|"Law of the People’s Republic of China on Enterprise Partnership" referenced this system, referred to as "special general |
|partnership". This new organization blocked the unlimited joint liability among partners, partners protected by limited |
|liability. Because of an earlier introduction, the limited liability partnership of Anglo-American is more developed and more |
|mature. In comparison, the legislation in China is simple and composed of only five clauses.In theory and practice this has some |
|drawbacks.Besides introduction and conclusion,this dissertation contains four parts through the use of historical narration and |
|comparative analysis to study the Limited Liability Partnership. We consider the problems of our system and put forward some |
|suggestions on improving it.The introduction will mainly focus on the purpose of this dissertation,and reviews the results of |
|research on LLP about home and abroad.Part two introduces the basic theory behind LLP. It covers the origins, the definition and |
|the legal characteristics. It also studies the process through which China to establish this system. Finally we will compare LLP |
|with other types of organizations, exploring some distinguishing characteristics of LLP.Part three is the comparative law study |
|on LLP. This part will compare the legal status, who is allowed to use this form, partner’s liability and how to protect |
|creditors between China and Anglo-American. Following this comparison we sum up the differences between China and Anglo-American |
|and pave the way for the part four and part five. In regard who is allowed to use this form,I think it is suitable
References: 57-60 | |Acknowledgements 60-61 | |the | |biographical , academic and research published during the study period 61 |