"Adoption of the limited liability company (LLC) concept in Philippine " by Katrina Pearl C. Chua

Adoption of the limited liability company (LLC) concept in Philippine jurisdiction

Date of Publication

4-2010

Document Type

Master's Thesis

Degree Name

Juris Doctor

Subject Categories

Jurisdiction | Law

College

Ramon V. Del Rosario College of Business

Thesis Adviser

Alexander Dy

Defense Panel Chair

Rosalinda Evangelista

Defense Panel Member

Dennis Berino
Jaime Caringal

Abstract/Summary

The Limited Liability Company (LLC) is a development in business entity law that has gained wide acceptance in other foreign jurisdictions. An LLC combines the attractive features of a partnership and a corporation by providing the management and operational flexibility of a partnership together with the limited liability protection of a corporate entity.

It is not the position of the author to say that the partnership and corporation form have outlived their usefulness in commercial law. However, the evolution of modern business practices and the changing market landscape have created a niche which the LLC can fill. As proven in other jurisdictions like the United States, the LLC business form has proven popular with small business enterprises whose special concerns the LLC has been able to address in a manner that partnerships and corporations have been unable to accomplish.

This study demonstrates the benefits of adopting the LLC format as an alternative business entity in the Philippine jurisdiction wherein the micro, small and medium businesses make up more than ninety (90%) percent of the total number of registered businesses and accounts for more than seventy (70%) percent of the country's labor force.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTG004721

Shelf Location

Archives, The Learning Commons, 12F Henry Sy, Sr. Hall

Physical Description

1 computer optical disc ; 4 3/4 in.

Keywords

Private companies--Philippines

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Embargo Period

2-7-2024

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