Order Description

Question 1
The limited liability partnership exhibits elements of a partnership and a corporation. It provides

its partners with a limited liability similar to that enjoyed by members of a limited company.
With the reforms introduced by the Companies Act 2006, is the limited liability partnership the

most ideal business structure for small businesses?
(100 marks)
Guidance
You are required to assess the business structures of the limited liability partnership and the

small private limited company.
You are also required to exhibit knowledge of the reforms implemented by the Companies Act 2006

with specific focus on the ` think small approach.?
You must write this task as an essay. Adopt a balanced approach when assessing the facts and

finally adopt a position and argue for it. Ensure that all arguments or analysis are supported by

legal authorities.