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

Abdul Rahman, Hamizah and Mohd Zain, Nor Razinah and Abdul Ghadas, Zuhairah Ariff and Tengku Zainal Mulok, Tengku Adida and Othman, Nurul Syahira and Osman, Ghazali and Hassan, Muhammad Syafiq and Nadarajan, Ravindran (2021) An analysis on nature of limited liability partnerships in Malaysia / Hamizah Abdul Rahman … [et al.]. Journal of Administrative Science, 18 (1). pp. 268-277. ISSN (eISSN) : 2600-9374

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Abstract

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.

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Item Type: Article
Creators:
Creators
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Abdul Rahman, Hamizah
UNSPECIFIED
Mohd Zain, Nor Razinah
UNSPECIFIED
Abdul Ghadas, Zuhairah Ariff
UNSPECIFIED
Tengku Zainal Mulok, Tengku Adida
UNSPECIFIED
Othman, Nurul Syahira
UNSPECIFIED
Osman, Ghazali
UNSPECIFIED
Hassan, Muhammad Syafiq
UNSPECIFIED
Nadarajan, Ravindran
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Personal finance. Financial literacy
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Trust services. Trust companies
H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Administrative Science and Policy Studies
Journal or Publication Title: Journal of Administrative Science
UiTM Journal Collections: UiTM Journal > Journal of Administrative Science (JAS)
ISSN: (eISSN) : 2600-9374
Volume: 18
Number: 1
Page Range: pp. 268-277
Official URL: http://jas.uitm.edu.my/
Item ID: 48493
Uncontrolled Keywords: Limited Liability Partnership, Companies Act 2016, Doctrinal Approach
URI: https://ir.uitm.edu.my/id/eprint/48493

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48493

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