Evaluate the reasons for the introduction of this business vehicle and evaluate the benefits of the Limited Liability Partnership, including whether or not we could adopt any practices from other jurisdictions that utilise this concept.

The Limited Liability Partnership Act 2000

The Limited Liability Partnership Act 2000 created an alternative business vehicle, the use of which has increased substantially throughout the UK. It is not however a business vehicle that is exclusive to the UK.

Evaluate the reasons for the introduction of this business vehicle and evaluate the benefits of the Limited Liability Partnership, including whether or not we could adopt any practices from other jurisdictions that utilise this concept.

You require to submit an essay of 3000 words, plus or minus 10% on the above topic. Note that the font size to be used for your submission should be Arial 12 and the line spacing should be a minimum of 1.5. Footnotes are not included in the word count. Note however that excessive wording in the footnotes will be penalised.

Credit will be given for research skills and you should include, in your essay, a paragraph explaining how you found the sources which you used. With regard to referencing, full citations should be given of any case or any statutory provision to which reference is made. Any quotation from, or summary of any aspect of the content of, a textbook or an article should also be attributed. Students should include a bibliography at the end in which they give the reference for any book or article used.