An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]

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, Abdul Ghadas, Zuhairah Ariff, Tengku Zainal Mulok, Tengku Adida, Othman, Nurul Syahira, Osman, Ghazali, Hassan, Muhammad Syafiq, Nadarajan, Ravindran
Format: Article
Language:en
Published: Universiti Teknologi MARA 2021
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Online Access:https://ir.uitm.edu.my/id/eprint/48493/1/48493.pdf
https://ir.uitm.edu.my/id/eprint/48493/
http://jas.uitm.edu.my/
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author Abdul Rahman, Hamizah
Mohd Zain, Nor Razinah
Abdul Ghadas, Zuhairah Ariff
Tengku Zainal Mulok, Tengku Adida
Othman, Nurul Syahira
Osman, Ghazali
Hassan, Muhammad Syafiq
Nadarajan, Ravindran
author_facet Abdul Rahman, Hamizah
Mohd Zain, Nor Razinah
Abdul Ghadas, Zuhairah Ariff
Tengku Zainal Mulok, Tengku Adida
Othman, Nurul Syahira
Osman, Ghazali
Hassan, Muhammad Syafiq
Nadarajan, Ravindran
author_sort Abdul Rahman, Hamizah
building Tun Abdul Razak Library
collection Institutional Repository
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
continent Asia
country 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 analysing 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 details. 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 is provided at the end of the paper.
format Article
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institution Universiti Teknologi Mara
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publisher Universiti Teknologi MARA
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spelling my.uitm.ir-484932021-07-05T09:06:36Z https://ir.uitm.edu.my/id/eprint/48493/ An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.] jas Abdul Rahman, Hamizah Mohd Zain, Nor Razinah Abdul Ghadas, Zuhairah Ariff Tengku Zainal Mulok, Tengku Adida Othman, Nurul Syahira Osman, Ghazali Hassan, Muhammad Syafiq Nadarajan, Ravindran Personal finance. Financial literacy Financial management. Business finance. Corporation finance Trust services. Trust companies Investment, capital formation, speculation 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 analysing 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 details. 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 is provided at the end of the paper. Universiti Teknologi MARA 2021-06 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/48493/1/48493.pdf An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]. (2021) Journal of Administrative Science <https://ir.uitm.edu.my/view/publication/Journal_of_Administrative_Science/>, 18 (1). pp. 268-277. ISSN (eISSN) : 2600-9374 http://jas.uitm.edu.my/
spellingShingle Personal finance. Financial literacy
Financial management. Business finance. Corporation finance
Trust services. Trust companies
Investment, capital formation, speculation
Abdul Rahman, Hamizah
Mohd Zain, Nor Razinah
Abdul Ghadas, Zuhairah Ariff
Tengku Zainal Mulok, Tengku Adida
Othman, Nurul Syahira
Osman, Ghazali
Hassan, Muhammad Syafiq
Nadarajan, Ravindran
An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title_full An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title_fullStr An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title_full_unstemmed An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title_short An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]
title_sort analysis on nature of limited liability partnerships in malaysia / hamizah abdul rahman … [et al.]
topic Personal finance. Financial literacy
Financial management. Business finance. Corporation finance
Trust services. Trust companies
Investment, capital formation, speculation
url https://ir.uitm.edu.my/id/eprint/48493/1/48493.pdf
https://ir.uitm.edu.my/id/eprint/48493/
http://jas.uitm.edu.my/
url_provider http://ir.uitm.edu.my/