I am concerned about clause 5, in particular, and the idea of limited liability partnerships. As I understand it, limited liability partnerships were established in 1907 to enable people to become partners without taking on the liability. There needs to be a general partner who will be liable for everything, but then those who are coming into the partnership, and perhaps giving money towards it, would not have any form of liability. I understand that it is a means of raising capital, but I am very worried about who the partners might be. We have heard all kinds of scare stories, and I would be very interested to hear some reassurance.
Transport for London Bill [Lords]: Revival
Proceeding contribution from
Emily Thornberry
(Labour)
in the House of Commons on Monday, 16 November 2015.
It occurred during Debate on bills on Transport for London Bill [Lords]: Revival.
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2015-16Chamber / Committee
House of Commons chamberSubjects
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2015-11-17 14:54:00 +0000
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