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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Affective learning advocates the emotional stimulation of the learning process where the learning system unravels the overall emotional triggers of the students (Picard et al., 2004). Here, the studen...

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When some people think about a graphic novel some may assume that it is either a comic book or maybe a novel, but that is not the case. A graphic novel is a combination of text and of illustrated...

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When some people think about a graphic novel some

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The counterintelligence (CI) process is broken down into five steps, listed below. Each step brings forth a product and each step is a process in and of itself. Within the development of the CI cycle...

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The counterintelligence (CI) process is broken dow

CH 37 Limited Liability Partnership #2

Ch 37

Q 1) What advantage does the Limited Liability partnership (LLP) have over a limited partnership (LP)? 2) What advantage does the LLP have for professional organizations such as accountants or attorneys?

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The first advantage is that only one partner is required to possess a liability which is limited in nature in case of LLP (Clarkson, Miller & Cross, 2016). In case of LP, the liability needs to be of limited nature for all the partners and not for only one partner. Therefore, LP is not as suitable as LLP in case of running a business where there is the requirement of each partner to remain active in playing managerial roles. Liability protection of a specific category is applied to ensure that there is complete protection for all partners in case of a LLP.