Legal Studying Of Limited Liability Partnership

Limited liability partnership (hereinafter referred to as "LLP") is a relatively new kid on the block and It is becoming a favorable option for many start-ups because it gives the benefits of limited liability but has the organizational flexibility of a partnership. Being the new way of partnership, LLP has the merit of standing up the relative independent character of the copartners, and has solved the problem of imputation hastily. Just because that the imputation originates directly from the distributing and controlling the right. So LLP has solved the problem of sharing responsibilities between copartners in a partnership.For the reason that our country has adopted the new legal system developing of British-American in the new "Law of the People's Republic of China on Enterprises in Partnership" in 2006 ,the author thinks that it is necessary to carry out deep arrangement of this legal system with our country conditions. So this dissertation concerns the Limited Liability Partnership scheme by using various methodologies including historical narrating, Comparatively analyzing method, value analyzing method, and on the basis of commentating on the LLP of China ,putting forward some suggestions on perfecting the system of china LLP.This thesis expounds these questions hereinbefore though six chapters. Firstly, it introduces the cause of coming into being of LLP by the recounting of the historical background and the developing of British-American LLP. Secondly, through the comparison between the LLP and the other corporation forms, the thesis comments on the intrinsic characteristics of LLP. Thirdly, it reveals the practical significance of LLP by the value analysis of LLP .Fourthly, in the forth part and the fifth part argues the binary structure theory of method of responsibility bearing of LLP and the special system in balance the benefits between the partners themselves ,the partners and the creditors. Finally, online the historical recounting of China LLP, it points out the defect of China LLP and putting forward some proposals.