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An analysis on nature of limited liability partnerships in Malaysia

Limited Liability Partnership (LLP) is an additional form of business entity available for an entrepreneur who decides to carry on a business in Malaysia. The Companies Commission of Malaysia introduces this business entity under the Limited Liability Partnership Act (LLPA) in 2012. This paper looks...

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Main Authors:	Abdul Rahman, Hamizah, Mohd. Zain, Nor Razinah, Abd Ghadas, Zuhairah Ariff, Tengku Zainal Mulok, Tengku Adida, Othman, Nurul Syahira, Othman, Ghazali, Hassan, Muhammad Syafiq, Nadarajan, Ravindran
Format:	Article
Language:	English
Published:	UiTM 2021
Subjects:	K Law (General) K623 Civil Law
Online Access:	http://irep.iium.edu.my/96329/1/96329_An%20analysis%20on%20nature%20of%20limited%20liability.pdf http://irep.iium.edu.my/96329/ https://jas.uitm.edu.my/images/2021_JUNE/JAS14.pdf
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id	my.iium.irep.96329
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spelling	my.iium.irep.963292022-01-19T04:10:07Z http://irep.iium.edu.my/96329/ An analysis on nature of limited liability partnerships in Malaysia Abdul Rahman, Hamizah Mohd. Zain, Nor Razinah Abd Ghadas, Zuhairah Ariff Tengku Zainal Mulok, Tengku Adida Othman, Nurul Syahira Othman, Ghazali Hassan, Muhammad Syafiq Nadarajan, Ravindran K Law (General) K623 Civil Law Limited Liability Partnership (LLP) is an additional form of business entity available for an entrepreneur who decides to carry on a business in Malaysia. The Companies Commission of Malaysia introduces this business entity under the Limited Liability Partnership Act (LLPA) in 2012. This paper looks into the history of the legislation of LLPA in Malaysia while using the doctrinal approach in analyzing the nature of LLP. The conceptual understanding of LLP and a valid definition of LLP is presented by referring to provisions of LLPA. Evaluation of the best features of LLP is provided, and the important provisions of LLPA are included and discussed in detail. This paper also reviews the relevant authorities and their responsibilities in monitoring LLP in Malaysia. By doing so, a clear exposure in the application of LLP can be provided. Finally, a recommendation for future research and a conclusion are provided at the end of the paper. UiTM 2021 Article PeerReviewed application/pdf en http://irep.iium.edu.my/96329/1/96329_An%20analysis%20on%20nature%20of%20limited%20liability.pdf Abdul Rahman, Hamizah and Mohd. Zain, Nor Razinah and Abd Ghadas, Zuhairah Ariff and Tengku Zainal Mulok, Tengku Adida and Othman, Nurul Syahira and Othman, Ghazali and Hassan, Muhammad Syafiq and Nadarajan, Ravindran (2021) An analysis on nature of limited liability partnerships in Malaysia. Journal of Administrative Science, 18 (1). pp. 268-277. ISSN 1675-1302 E-ISSN 2600-9374 https://jas.uitm.edu.my/images/2021_JUNE/JAS14.pdf
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English
topic	K Law (General) K623 Civil Law
spellingShingle	K Law (General) K623 Civil Law Abdul Rahman, Hamizah Mohd. Zain, Nor Razinah Abd Ghadas, Zuhairah Ariff Tengku Zainal Mulok, Tengku Adida Othman, Nurul Syahira Othman, Ghazali Hassan, Muhammad Syafiq Nadarajan, Ravindran An analysis on nature of limited liability partnerships in Malaysia
description	Limited Liability Partnership (LLP) is an additional form of business entity available for an entrepreneur who decides to carry on a business in Malaysia. The Companies Commission of Malaysia introduces this business entity under the Limited Liability Partnership Act (LLPA) in 2012. This paper looks into the history of the legislation of LLPA in Malaysia while using the doctrinal approach in analyzing the nature of LLP. The conceptual understanding of LLP and a valid definition of LLP is presented by referring to provisions of LLPA. Evaluation of the best features of LLP is provided, and the important provisions of LLPA are included and discussed in detail. This paper also reviews the relevant authorities and their responsibilities in monitoring LLP in Malaysia. By doing so, a clear exposure in the application of LLP can be provided. Finally, a recommendation for future research and a conclusion are provided at the end of the paper.
format	Article
author	Abdul Rahman, Hamizah Mohd. Zain, Nor Razinah Abd Ghadas, Zuhairah Ariff Tengku Zainal Mulok, Tengku Adida Othman, Nurul Syahira Othman, Ghazali Hassan, Muhammad Syafiq Nadarajan, Ravindran
author_facet	Abdul Rahman, Hamizah Mohd. Zain, Nor Razinah Abd Ghadas, Zuhairah Ariff Tengku Zainal Mulok, Tengku Adida Othman, Nurul Syahira Othman, Ghazali Hassan, Muhammad Syafiq Nadarajan, Ravindran
author_sort	Abdul Rahman, Hamizah
title	An analysis on nature of limited liability partnerships in Malaysia
title_short	An analysis on nature of limited liability partnerships in Malaysia
title_full	An analysis on nature of limited liability partnerships in Malaysia
title_fullStr	An analysis on nature of limited liability partnerships in Malaysia
title_full_unstemmed	An analysis on nature of limited liability partnerships in Malaysia
title_sort	analysis on nature of limited liability partnerships in malaysia
publisher	UiTM
publishDate	2021
url	http://irep.iium.edu.my/96329/1/96329_An%20analysis%20on%20nature%20of%20limited%20liability.pdf http://irep.iium.edu.my/96329/ https://jas.uitm.edu.my/images/2021_JUNE/JAS14.pdf
_version_	1724072838910967808
score	13.211869

An analysis on nature of limited liability partnerships in Malaysia

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