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Global CEO Magazine:
Protection of Private Properties of Businessmen through LLP Model : An Analysis
 
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In the present era of cut-throat competition, success of an enterprise depends to a great extent on the size and model it creates for doing business. Entrepreneurs have become much more conscious and careful about their investment and are attempting to generate an alternate business model in order to avoid the risk of losing their personal belongings to the business losses. Recently, limited liability partnerships are seen as major capacity enhancing tools for many profit running businesses. These models reduce personal liability of entrepreneurs for business debts.

 
 
 

The 20th century witnessed the emergence of a number of large scale enterprises. Many factors which limited the growth of firms earlier were removed and consequently business organizations were able to increase their production and sales with increased operations. Developments in fields of communication and transport have significantly contributed to the growth of businesses. Running parallel with these advancements was the assumption that `bigger is better than smaller'. Big companies are usually more robust and enjoy a higher market share, which helps them to influence market price and earn more profits. They have the opportunity to benefit from increased economies of scale. In the present era of cut-throat competition, success of an enterprise depends to a great extent on the size and model it creates for doing business. Many entrepreneurs have become much more conscious and careful about their investment and are attempting to generate an alternate business model in order to avoid the risk of losing their personal belongings due to business losses. The size and composition of a business is linked to many areas of its operations, and increasing complexities in the market has stimulated the idea to identify and adopt the right model of organization. This will reduce the problems between the main stakeholders in sharing the losses.

 
 
 

Global CEO Magazine, Limited Liability Partnership, LLP, Capital Market, Industrial Revolution, Flexible Internal Management, Digital Signature Certificate, DSC, Emerging Trends , Designated Partner Identification Number, DPIN, Innovative Combination, Flexible Internal Management.