For the first time in nearly a century proposals have been made for a new form of business organisation to be used by "regulated professions". Apparently driven by concerns over spiralling professional negligence claims the legal and accountancy professions have for some time been pressing for the introduction of limited liability partnerships. This article examines the key features of the consultation papers issued y the DTI in 1997 and 1998 and considers whether in their current proposed form limited liability partnerships will solve the problems identified by the professions.
|Number of pages||17|
|Publication status||Published - 1999|
- Limited liability partnerships