... three other main business mediums, which include limited companies (Sony), partnerships (Dundas and Wilson) and sole traders (an early Richard Branson). It is worth noting that this is not the first attempt to consider limited liability within partnership law, as early as 1857 a commission headed by Bellenden Kerr consider the idea, but with little avail. Two or more individuals, corporations, trusts or other entities can join together to engage in business as an LLP. The LLP vehicle was introduced as a result of the longstanding fear that professional partnerships, mainly accountants and solicitors, were vulnerable to massive "deep pocket" claims and so require limited liability to conduct their business without cautiously looking behind their shoulders. These fears were first detected following the high profile corporate collapses in the 1990's, such as Maxwell2 and such fears were boosted by the more recent, Andersen and Enron scandal3. Concerned that large firms, ...

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