2. Limited liability partnership (LLP) is a new type of partnership that combines the limited liability of the shareholders of the company with the inherent operational flexibility of the partnership and applies the general partnership law. It is a major change and development of the traditional partner system.
Extended data
1. Owners Limited Partnership Company
1 .. As long as the company's income is transferred to investors every year, the owners' limited partnership company does not have to pay corporate tax. In addition, such companies need not pay too much attention to shareholders' rights.
2. A large wave of funds is flowing to such companies or companies with similar structures. Together, they only represent 9% listed companies in the United States; However, in 20 12, the funds raised by such companies in the open market accounted for 28% of the total public offering, and they also paid a third of the handling fee for Wall Street stock trading.
At present, two-thirds of newly established companies have adopted this corporate structure. Some industries have integrated this corporate structure into the original corporate structure, such as the hydropower and natural gas industry.
Two. The meaning of limited liability partnership
1. It stipulates that all partners still bear unlimited liability for partnership debts, but only bear unlimited liability for partnership debts caused by their own operations or faults, and do not bear unlimited joint liability for debts caused by other partners' faults.
2. Limited partnership is mainly suitable for venture capital, with professional management institutions or individuals with good investment awareness as general partners, bearing unlimited joint and several liabilities and being responsible for the operation and management of the enterprise;
Limited partners, as capital contributors, enjoy the benefits of the partnership and only bear limited liability for the debts of the enterprise.
3. On the issue of external liability, both the general partners of general partnership and limited partnership bear unlimited joint liability, while the directly related partners of limited partnership should bear unlimited joint liability for the huge debts caused by their illegal acts.
4. Therefore, for the creditor of the partnership, once his creditor's rights exceed the scope of the registered capital of the partnership, there are always partners who will bear the remaining debts indefinitely according to the law or the articles of association of the partnership. From this perspective, the partnership still maintains the characteristics of unlimited liability.
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