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Evaluate the reasons for the introduction of this business vehicle and evaluate the benefits of the Limited Liability Partnership, including whether or not we could adopt any practices from other jurisdictions that utilise this concept.

The Limited Liability Partnership Act 2000

The Limited Liability Partnership Act 2000 created an alternative business vehicle, the use of which has increased substantially throughout the UK. It is not however a business vehicle that is exclusive to the UK.

Evaluate the reasons for the introduction of this business vehicle and evaluate the benefits of the Limited Liability Partnership, including whether or not we could adopt any practices from other jurisdictions that utilise this concept.

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