10. Limited Liability Partnerships—The Corporate Structure

2015 ◽  
Author(s):  
Geoffrey Morse
Keyword(s):  
Limited Liability ◽  
The Other ◽  
Corporate Structure ◽  
Private Company ◽  
Limited Partnership ◽  
Set Up ◽  
Limited Liability Partnership

This chapter explores the development and nature of a limited liability partnership (LLP), created under the Limited Liability Partnerships Act 2000 (LLP Act). Under the Act, any two or more persons (individuals or companies) may form an LLP as an alternative to a partnership, a limited partnership, and a private company. The impetus for LLP came from large accountancy firms concerned by the potential liability of partners for substantial damages awarded against them for the negligence of one partner, often in a totally different office. The aim was to set up a new entity which would preserve the internal informality of the traditional partnership whilst giving the partners limited liability for the debts of the firm. The chapter analyses the provisions of the LLP Act, and the other major sources of laws covering LLPs.

15. Business Organizations

2019 ◽  
pp. 421-451
Author(s):  
Lucy Jones
Keyword(s):  
Limited Liability ◽  
Business Organizations ◽  
Limited Partnership ◽  
Legal Personality ◽  
Different Types ◽  
The Common ◽  
The Difference ◽  
Set Up ◽  
Limited Liability Partnership ◽  
The Relationship

This chapter discusses the common types of business organizations and explains the difference between unincorporated and incorporated businesses. The three types of partnership arrangements are considered, namely a general (ordinary) partnership, a limited partnership, and a limited liability partnership. The chapter includes discussion of the rules relating to partnerships under the Partnership Act 1890 and the Limited Liability Partnership Act 2000. It explains how different types of partnerships may be set up and looks at the relationship between partners and the relationship between partnerships and outsiders. It considers the dissolution of the different types of partnerships. The chapter concludes with a discussion of the different types of companies and the separate legal personality of companies.

15. Business Organisations

2017 ◽  
Author(s):  
Lucy Jones
Keyword(s):  
Limited Liability ◽  
Limited Partnership ◽  
Legal Personality ◽  
Different Types ◽  
The Common ◽  
The Difference ◽  
Set Up ◽  
Limited Liability Partnership ◽  
The Relationship

This chapter discusses the common types of business organisations and explains the difference between unincorporated and incorporated businesses. The three types of partnership arrangements are considered, namely a general (ordinary) partnership, a limited partnership, and a limited liability partnership. The chapter includes discussion of the rules relating to partnerships under the Partnership Act 1890 and the Limited Liability Partnership Act 2000. It explains how different types of partnerships may be set up and looks at the relationship between partners and the relationship between partnerships and outsiders. It considers the dissolution of the different types of partnerships. The chapter concludes with a discussion of the different types of companies and the separate legal personality of companies.

27. Choice of business medium

2018 ◽  
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Social Security ◽  
Limited Liability ◽  
Capital Gains ◽  
The Other ◽  
Viable Option ◽  
Inheritance Tax ◽  
The One ◽  
Limited Liability Partnership ◽  
Business Media ◽  
Capital Expense

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

27. Choice of business medium

2019 ◽  
pp. 277-283
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Social Security ◽  
Limited Liability ◽  
Capital Gains ◽  
The Other ◽  
Viable Option ◽  
Inheritance Tax ◽  
The One ◽  
Limited Liability Partnership ◽  
Business Media ◽  
Capital Expense

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

27. Choice of business medium

2020 ◽  
pp. 275-281
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Social Security ◽  
Limited Liability ◽  
Capital Gains ◽  
The Other ◽  
Viable Option ◽  
Inheritance Tax ◽  
The One ◽  
Limited Liability Partnership ◽  
Business Media ◽  
Capital Expense

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing between the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions, and social security. Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant, and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

27. Choice of business medium

Business Law ◽  
2021 ◽  
pp. 277-283
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Social Security ◽  
Limited Liability ◽  
Capital Gains ◽  
The Other ◽  
Viable Option ◽  
Inheritance Tax ◽  
The One ◽  
Limited Liability Partnership ◽  
Business Media ◽  
Capital Expense

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing between the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions, and social security. Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant, and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

27. Choice of business medium

2017 ◽  
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Social Security ◽  
Limited Liability ◽  
Capital Gains ◽  
The Other ◽  
Viable Option ◽  
Inheritance Tax ◽  
The One ◽  
Limited Liability Partnership ◽  
Business Media ◽  
Capital Expense

This chapter makes a comparison between companies, on the one hand, and partnerships or sole traders, on the other, in order to explain the various factors which should be taken into account when choosing the two business media. It considers factors such as risk of capital, expense, publicity, taxation, interest relief, capital gains, inheritance tax, pensions and social security Due to the range of variables, the desirability of limited liability means that incorporation may be the only viable option, although this can also be achieved by setting up a limited liability partnership. Where limited liability is not of great importance, the tax factors will be more significant and these would have to be examined from a number of perspectives, including the size of anticipated profits, the particular financial circumstances of the promoters of the business, and any particular expectations they had about their stake in the business.

Doctrine and Dialectic in Plato’s Dialogues

2018 ◽  
Author(s):  
Rachana Kamtekar
Keyword(s):  
Methodological Approach ◽  
The Other ◽  
Set Up

Chapter 1 lays out the methodological approach employed throughout the book, which is to pay attention to the dialectical dependence of what the main speaker in the dialogue says on the intellectual problem(s) set up in the dialogue both by himself and the other speakers. To illustrate, Chapter 1 describes Socrates’ use of the method of hypotheses from the Meno and Phaedo to answer questions that go beyond his claims to knowledge in the Republic.

scholarly journals Preparation of alcohol-based handrub in COVID-19 Alsatian cluster

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Elodie Di-Falco ◽  
Johan Bourbon ◽  
Isalyne Sbaffe ◽  
Jean-Daniel Kaiser
Keyword(s):  
Critical Period ◽  
Hospital Management ◽  
Management Team ◽  
The Other ◽  
Packaging Materials ◽  
Local Production ◽  
Technical Grade ◽  
Hand Sanitizer ◽  
Set Up ◽  
Real Challenge

AbstractAlsace, in particular Haut-Rhin, is one of the main clusters of COVID-19 in France. There has been a shortage of essential supplies in the area, especially alcohol-based hand sanitizer. In this context, and in accordance with the decree dated March 6, 2020, our hospital management team asked us to start local production of alcohol-based handrub. This was a real challenge: In one week, we had to implement the production of handrub to meet the needs of a 1,400-bed hospital. The production had to comply with the French preparation guidelines and take place on specific premises, with qualified and calibrated equipment, by qualified staff, under the supervision of a pharmacist. The other big challenge we faced was the supply of pharmaceutical raw and packaging materials. During this particular critical period, all suppliers were out of stock. Here, we describe the organizational set-up and the decisions made, e. g., to use technical-grade ethanol before the publication of the decrees dated March 13 and March 23, 2020.

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