Bloomsbury Professional's Company Law Guide 2017

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526505274
Total Pages : 386 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Bloomsbury Professional's Company Law Guide 2017 by : Thomas B. Courtney

Download or read book Bloomsbury Professional's Company Law Guide 2017 written by Thomas B. Courtney and published by Bloomsbury Publishing. This book was released on 2017-10-21 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Companies (Accounting) Act 2017 makes over 100 changes to the Companies Act 2014. Taken with the Companies (Amendment) Act 2017 and the Beneficial Ownership Regulations 2016, they have introduced significant changes to company and accounting law and practice. This book will explain and contextualise the many changes for legal and accounting practitioners. The Beneficial Ownership Regulations, in particular, are very technical and complex and this book will provide much-needed guidance for practitioners. Written by leading experts in the two relevant fields - accounting and law - this book is ideal for lawyers, accountants, and company secretaries. Key areas covered by the book include: * the new four-fold classification of companies for accounting purposes; * micro companies - the new regime; * consolidation of financial statements - key changes; * disclosures in financial statements - key changes; * the new rules regarding payments to governments; * the shrinking exemption from filing financial statements for unlimited companies; * changes to the definition of "external companies"; * changes to the s 357 guarantee; * a comprehensive round-up of the non-accounting amendments to the Companies Act 2014; and * the obligations imposed on relevant entities and beneficial owners by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016 The chapters in this book comprise expanded versions of the papers given in Bloomsbury Professional's Companies (Accounting) Act 2017 & Beneficial Ownership Regulations seminar (October 2017).

Irish Company Secretary's Handbook

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Publisher : Bloomsbury Publishing
ISBN 13 : 1784517453
Total Pages : 2097 pages
Book Rating : 4.7/5 (845 download)

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Book Synopsis Irish Company Secretary's Handbook by : Jacqueline McGowan-Smyth

Download or read book Irish Company Secretary's Handbook written by Jacqueline McGowan-Smyth and published by Bloomsbury Publishing. This book was released on 2019-09-26 with total page 2097 pages. Available in PDF, EPUB and Kindle. Book excerpt: Irish Company Secretary's Handbook examines the company secretarial requirements contained in the Companies Acts and relevant EU regulations. The book includes useful chapters on all areas of company secretarial practice, including annual returns, directors' and auditors' responsibilities as well as statutory disclosure requirements. It gives a clear explanation of the many day-to-day functions of a company secretary along with a large number of up-to-date precedents, practical checklists, step-by-step instructions and best practice guidelines. This practical title covers the wide range of developments that have recently affected company secretarial practice and procedure, most notably Companies Act 2014, the changes to the Criminal Justice legislation, and the introduction of GDPR. For ease of use a downloadable version of all precedents that appear in the book is provided. This is a 'must have' book for company secretaries and assistant company secretaries in company formation businesses, law firms and accountancy practices as well as for law students. Solicitors in private practice, in-house solicitors and accountants will also find this a useful resource.

Keane on Company Law

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Publisher : Bloomsbury Publishing
ISBN 13 : 1780435428
Total Pages : 897 pages
Book Rating : 4.7/5 (84 download)

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Book Synopsis Keane on Company Law by : G. Brian Hutchinson

Download or read book Keane on Company Law written by G. Brian Hutchinson and published by Bloomsbury Publishing. This book was released on 2016-01-01 with total page 897 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 5th edition of Keane on Company Law is essential reading for students, solicitors and barristers alike. New Irish legislation introduces a new company law code. Under the proposed new legislation, the default company type-the new private company limited by shares (cls)-will be created. Such a company will only be required to have a minimum of one director, as opposed to two under the current law. This makes it easier for an entrepreneur to use a company to start a business on his or her own. The complex legal doctrine of ultra vires, which has applied to all companies up to now, will not apply to the new cls. Neither will a cls be required to draft a long document containing its Articles of Association. These will now be included in the Bill by default, and consequently the current requirement for lengthy complex documents at the time of incorporation of a new company can be replaced by a single-document under the proposed new law. The cls will also be permitted to hold its AGM by written procedure, rather than being compelled to gather all of the members in the same room at the same time once a year. The Bill also introduces the new concept of the Summary Approval Procedure, which will allow companies to undertake certain transactions which previously were either prohibited or required Court approval, by the new method of a special resolution combined with an appropriate declaration by the directors, subject to safeguards to prevent improper use. All these changes to Irish company legislation are covered in a practical and user-friendly structure in this book. [Subject: Irish Law, Company Law]

Bloomsbury Professional's Guide to the Companies Act 2014

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Publisher : Bloomsbury Publishing
ISBN 13 : 1780438346
Total Pages : 331 pages
Book Rating : 4.7/5 (84 download)

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Book Synopsis Bloomsbury Professional's Guide to the Companies Act 2014 by : Lyndon MacCann

Download or read book Bloomsbury Professional's Guide to the Companies Act 2014 written by Lyndon MacCann and published by Bloomsbury Publishing. This book was released on 2015-01-01 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bloomsbury Professional's Guide to the Companies Act 2014 covers the key areas of Companies Act 2014 in Ireland and walks the reader through the changes and their significance for practitioners. Each chapter is written by an acknowledged expert in that area.This book includes Companies Act 1963 - 2012 and also Companies Act 2014.

The Law of Companies

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Publisher : Bloomsbury Publishing
ISBN 13 : 1784510467
Total Pages : 3265 pages
Book Rating : 4.7/5 (845 download)

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Book Synopsis The Law of Companies by : Thomas B. Courtney

Download or read book The Law of Companies written by Thomas B. Courtney and published by Bloomsbury Publishing. This book was released on 2017-01-11 with total page 3265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth edition of the leading company law textbook, provides the most authoritative and comprehensive commentary on Irish company law following the commencement of the Companies Act 2014. The Companies Act 2014 makes the most far-reaching and fundamental changes to Irish company law in two generations, putting forward a radically different approach whereby the private company limited by shares will become the new model company. The structure of the fourth edition of this highly regarded title mirrors this new Act. The Act comprises over 1,448 Parts and represents the modern statement of the law applicable to the formation of companies, administration and management to their winding up and dissolution, incorporating the rights and duties of their officers, members and creditors. The Act commences on 1 June 2015 and introduces significant changes for companies operating in Ireland. This work has been expanded and revised to account for these legislative changes and important case law. As chairperson of the Company Law Review Group, whose recommendations greatly informed the new Act and as a leading practitioner of company law, Tom Courtney has a unique insight to the new legislation, its purpose and interpretation.The fourth edition is virtually a complete re-write and at approximately 2,900 pages it is some 400 pages longer than the last edition. Fully updated to take account of the dozens of judgments from the Irish and UK courts that have been delivered since the previous edition as well as the new statutory provisions, the fourth edition of The Law of Companies is a 'must have' for all practitioners, students and users of Irish company law.

Employment Law

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Publisher : Bloomsbury Publishing
ISBN 13 : 1780436254
Total Pages : 1682 pages
Book Rating : 4.7/5 (84 download)

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Book Synopsis Employment Law by : Ailbhe Murphy

Download or read book Employment Law written by Ailbhe Murphy and published by Bloomsbury Publishing. This book was released on 2017-05-25 with total page 1682 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical guide to Irish employment law brings together the knowledge and expertise of Ireland's leading employment, tax and pensions law practitioners. In-depth and accessible, it gives a comprehensive and clear review of all aspects of employment and labour law. This is the second edition of Employment Law, which has been newly updated and revised to include the extensive changes to the law, including in relation to the workings of the Workplace Relations Commission, and new chapters on whistle blowing, health and safety, mediation, agency workers, restraint of trade and injunctions. These build on the book's established chapters on the wide ranging facets of employment law, such as the employment relationship, Immigration and cross-border issues, and trade unions and industrial relations. Ideal for legal practitioners, employers and human resource specialists: with a copy on your bookshelf, accurate, detailed information on the law on all aspects of employment and labour law will always be close to hand. Your firm and clients will benefit from the technical pointers, tips and know-how to ensure complete legal compliance. Whatever you need on employment and industrial relations law, you'll find it within the pages of Employment Law. Keeps your firm right up-to-date on the latest issues and developments.

A User's Guide to Copyright

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526504901
Total Pages : 567 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis A User's Guide to Copyright by : Michael Flint

Download or read book A User's Guide to Copyright written by Michael Flint and published by Bloomsbury Publishing. This book was released on 2017-12-21 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: A User's Guide to Copyright, Seventh Edition is long established as one of the key texts in the field. Renowned for its practical, user-friendly and authoritative approach and for its practical application to the main copyright using industries, the book is considered essential reading for legal practitioners, copyright law students and - crucially - for those working in the copyright using industries. Extensively cross-referenced to cases, legislation and leading texts and articles, this book clearly and effectively illustrates and explains the scope and relevance of copyright law in the new digital information era. Legislation and case law includes: WIPO Treaties; Number of EU Directives; Enterprise and regulatory Reform Act 2013; Football Association Premier League case (CJEU (C-403/08)); Infopaq (C-302/10); Public Relations Consultants Association v The Newspaper Licensing Agency (C-360/13); ITV v TVCatchup (C-607/11); Da Vinci Code case – Baigent v Random House; Fisher v Brooker 2009 UKHL 41 – the Whiter Shade of Pale case.

Companies Act 2014

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Publisher : Bloomsbury Professional
ISBN 13 : 9781780438559
Total Pages : 0 pages
Book Rating : 4.4/5 (385 download)

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Book Synopsis Companies Act 2014 by : Thomas B. Courtney

Download or read book Companies Act 2014 written by Thomas B. Courtney and published by Bloomsbury Professional. This book was released on 2018-11-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies Act 2014 will comprise all key primary, secondary and European legislation relevant to company law practitioners in Ireland. Each relevant piece of legislation is accompanied by a commentary to assist practitioners in interpreting the legislation. The consolidation and redrafting of the Companies Acts 1963-2012 will usher in significant changes to Irish company law practitioners in Ireland who will be able to bring themselves up to speed with the new Act's provision via this essential title. The annotations will provide incisive commentary on each section to aid practitioners, assisting with any problems that a large scale legislation change can potentially cause, and also address any issues that have arisen since its enactment.

Bloomsbury Professional's Company Law Guide 2017

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Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 1526505258
Total Pages : 380 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Bloomsbury Professional's Company Law Guide 2017 by : Thomas B. Courtney

Download or read book Bloomsbury Professional's Company Law Guide 2017 written by Thomas B. Courtney and published by Bloomsbury Publishing. This book was released on 2017-12-07 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Companies (Accounting) Act 2017 makes over 100 changes to the Companies Act 2014. Taken with the Companies (Amendment) Act 2017 and the Beneficial Ownership Regulations 2016, they have introduced significant changes to company and accounting law and practice. This book will explain and contextualise the many changes for legal and accounting practitioners. The Beneficial Ownership Regulations, in particular, are very technical and complex and this book will provide much-needed guidance for practitioners. Written by leading experts in the two relevant fields - accounting and law - this book is ideal for lawyers, accountants, and company secretaries. Key areas covered by the book include: * the new four-fold classification of companies for accounting purposes; * micro companies - the new regime; * consolidation of financial statements - key changes; * disclosures in financial statements - key changes; * the new rules regarding payments to governments; * the shrinking exemption from filing financial statements for unlimited companies; * changes to the definition of "external companies"; * changes to the s 357 guarantee; * a comprehensive round-up of the non-accounting amendments to the Companies Act 2014; and * the obligations imposed on relevant entities and beneficial owners by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016 The chapters in this book comprise expanded versions of the papers given in Bloomsbury Professional's Companies (Accounting) Act 2017 & Beneficial Ownership Regulations seminar (October 2017).

Youth Court Guide

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Publisher : Bloomsbury Publishing
ISBN 13 : 1784516961
Total Pages : 615 pages
Book Rating : 4.7/5 (845 download)

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Book Synopsis Youth Court Guide by : Pakeeza Rahman

Download or read book Youth Court Guide written by Pakeeza Rahman and published by Bloomsbury Publishing. This book was released on 2017-06-30 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Youth Court Guide is the definitive legal handbook for practitioners involved in the youth court. It provides an in-depth knowledge of the youth court system, as well as the fundamental principles and day-to-day practice that pertain to it, with direction on every stage of youth justice. This new edition brings the work fully up to date ensuring it remains a first port of call text providing guidance on practice and procedure with ease and clarity. It takes account of developments that have impacted on practice and procedure since the fifth edition and revisions include updates to sections covering: Cautions, restorative justice; Separation from adult courts; Youth gang injunctions; Youth behaviour order changes; DVPOs (domestic violence protection notices); Criminal procedure rule changes and development of case management practice - new form, disclosure review, special measures, ground rules; Remands; Sentencing council allocation guidelines where youth charged with adult; Breach of YROs (youth rehabilitation orders); Fines, victim surcharge criminal courts charge; Committal for sentence; Referral orders; More in depth guidance on sex notification requirements (sex assault on other youth); Re organisation of youth offending services also mental health services; Case update including sentencing cases. Chapters follow the sequence of criminal proceedings from the use of diversions, cautions and arrests through to trial, sentences and appeals. Personal insight is provided through explanations from the 'hands on' experience of both authors. The work contains central sections on venue, remand and sentencing for daily reference and focuses on practical solutions rather than academic debate. It also includes a separate chapter looking at difficult areas and legal issues and contains simple flow diagrams to help understand and follow remand powers and venue provisions. A quick guide to sentencing orders is also included.

Intellectual Property Law in Ireland

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526501139
Total Pages : 1174 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Intellectual Property Law in Ireland by : Robert Clark

Download or read book Intellectual Property Law in Ireland written by Robert Clark and published by Bloomsbury Publishing. This book was released on 2017-02-03 with total page 1174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectual Property Law in Ireland, 4th edition is a detailed guide to patents, copyright and trade mark law. It covers all relevant European legislation and traces its weaving into Irish law. It details European case law together with relevant case law from commonwealth countries, as well as detailing any Irish cases on the three areas and also covers design law. It outlines the workings of the patents, copyright and trade mark offices in Ireland. It is laid out in a practical and user-friendly way, with each section separate, but cross-referenced where necessary. Since the previous edition, only six years ago, there have been a number of fundamental changes to a number of aspects of intellectual property law, which make this new edition essential. The areas that have been expanded and updated in this edition include: - The voluminous European case law on IP issues arising since 2010 - The impact of the new EU TRade Mark Regulation No 2015/2424 - Supreme Court decisions on the law of passing off (McCambridge Ltd v Joseph Brennan Bakeries) and unregistered design rights (Karen Millen Fashions v Dunnes Stores) Along with these, the book looks to future and the developments on the horizon. It tracks the ongoing domestic copyright law and Digital Single Market, as well as discussing the potential benefits of the the Trade Secrets Directive (EU) 2016/943

National Company Law Tribunal and National Company Law Appellate Tribunal – Law, Practice & Procedure

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Publisher : Bloomsbury Publishing
ISBN 13 : 9354354025
Total Pages : 900 pages
Book Rating : 4.3/5 (543 download)

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Book Synopsis National Company Law Tribunal and National Company Law Appellate Tribunal – Law, Practice & Procedure by : Prachi Manekar Wazalwar

Download or read book National Company Law Tribunal and National Company Law Appellate Tribunal – Law, Practice & Procedure written by Prachi Manekar Wazalwar and published by Bloomsbury Publishing. This book was released on 2021-09-20 with total page 900 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the book This book will equip professionals with necessary knowledge tools to practice in NCLT/NCLAT, acting as their non-verbal guide. Whether it is oppression and mismanagement cases or winding up/liquidation matters, mergers/de-mergers, or class actions or an insolvency case, this book helps find answers to most practical problems. For a new practitioner, this book provides the necessary hand-holding to understanding the law, practice and procedure for dealing with various types of cases in NCLT/NCLAT. For professionals already practicing corporate laws, this book will prove to be invaluable in analysing the evolution of the insolvency code, understanding applicability of old case laws, resolving transitional issues arising out of transfer/abatement of existing cases, incisive analysis of new legal provisions and detailed comparison with the 1956 Act. Key Features - Covers discussion on Insolvency and Bankruptcy Code, 2016 (IBC) and related Rules and Regulations, with commentary thereof w.r.t. corporate persons. - Includes case digest of Supreme Court, NCLAT and NCLT under IBC and Companies Act, 2013 - Commentary on all areas of practice including mergers & amalgamation, oppression and mismanagement, winding up, class action & investigation. - Explores new areas of practice for chartered accountants, company secretaries, cost accountants and corporate lawyers. - Detailed comparison of provisions of 1956 Act with 2013 Act. - Ready reference table containing summary of all the powers of NCLT. - Includes updated NCLT and NCLAT Rules.

Legislation in Europe

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Publisher : Bloomsbury Publishing
ISBN 13 : 1509908765
Total Pages : 321 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Legislation in Europe by : Ulrich Karpen

Download or read book Legislation in Europe written by Ulrich Karpen and published by Bloomsbury Publishing. This book was released on 2017-02-23 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a practical handbook for legislation. Written by a team of experts, practitioners and scholars, it invites national institutions to apply its teachings in the context of their own drafting manuals and laws. Analysis focuses on general principles and best practice within the context of the different systems of government in Europe. Questions explored include subsidiarity, legitimacy, efficacy, effectiveness, efficiency, proportionality, monitoring and regulatory impact assessment. Taking a practical approach which starts from evidence-based rationality, it represents essential reading for all practitioners in the field of legislative drafting.

Evidence in Criminal Trials

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526511487
Total Pages : 1071 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Evidence in Criminal Trials by : Liz Heffernan

Download or read book Evidence in Criminal Trials written by Liz Heffernan and published by Bloomsbury Publishing. This book was released on 2021-02-10 with total page 1071 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shortlisted for DSBA Law Book of the Year Award 2020 Evidence in Criminal Trials is the first Irish textbook devoted exclusively to the subject of criminal evidence. This popular title provides comprehensive, detailed coverage of law and practice on the admissibility of evidence, the presentation of evidence in court and the pre-trial gathering and disclosure of evidence. The work combines analysis of traditional evidentiary doctrine with discussion of its application in practice and takes account of policy development and reform. The subject of evidence is discussed in the broader context of fundamental rights protection under the Constitution, the ECHR and EU law. This updated and extended second edition captures the many significant changes in the law of criminal evidence in recent years. The role of vulnerable witnesses in court proceedings is explored in new chapters on children and vulnerable adults, complainants in sexual offence trials, and victims of crime. The landmark Supreme Court decision in DPP v JC is analysed in an extended chapter on unlawfully obtained evidence and important case law developments relating to confessions and the right to silence are discussed in a detailed chapter on pre-trial interviews with suspects. Other chapters explore the case law of the Supreme Court and Court of Appeal on testimony, corroboration, technological evidence, privilege and disclosure. The Law Reform Commission's recommendations in its 2016 Report on Consolidation and Reform of Aspects of the Law of Evidence are considered in the book's discussion of hearsay and expert evidence. This book will appeal to individuals working and studying in the areas of criminal law and evidence. It will be essential reading for legal practitioners, academics and law students and it will be of interest to others engaged with criminal justice and the court system. This title is included in Bloomsbury Professional's Irish Criminal Law online service.

Principles of International Taxation

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Publisher : Bloomsbury Publishing
ISBN 13 : 1526519577
Total Pages : 709 pages
Book Rating : 4.5/5 (265 download)

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Book Synopsis Principles of International Taxation by : Lynne Oats

Download or read book Principles of International Taxation written by Lynne Oats and published by Bloomsbury Publishing. This book was released on 2021-09-30 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a clear introduction to international taxation and presents its material in a global context, explaining policy, legal issues and planning points central to taxation issues, primarily from the viewpoint of a multinational group of companies. It uses examples and diagrams throughout to aid the reader's understanding and offers more in-depth material on many important areas of the subject. Traditionally published every 2 years in both print and digital formats, this content is a core requirement for student reading lists at both undergraduate and post graduate level. Fully updated to cover all new tax legislation and developments in light of the OECD BEPS project implementation, key areas to be included in this new edition are: - changes proposed by BEPS 2.0 in relation to taxation and the digital economy, including Pillar Two and the proposed new UN Model Article 12B; - further progress on the implantation of OECD Base Erosion and Profit Shifting implementation, including: -- an update on the implementation of BEPS recommendations including artificial avoidance of permanent establishment status and prevention of treaty abuse; -- the implementation of transfer pricing documentation and country-by-country reporting; -- multilateral instrument implementation; - the impact of Covid-19 on international taxation; - further developments in European direct taxation including the transparency package, directives on anti-tax avoidance and the common corporate tax base and state aid cases (Apple in particular) and updates to the Directive on Administrative Cooperation, and the new communication on Business Taxation for the 21st Century. - Proposals in relation to the taxation of digital business, in particular the OECD's unified approach and the UN modifications to the Model Double Taxation Convention. - Proposals for a global minimum corporate tax rate to curb base erosion and tax competition.

Writers' & Artists' Yearbook 2020

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Publisher : Bloomsbury Publishing
ISBN 13 : 1472947509
Total Pages : 1075 pages
Book Rating : 4.4/5 (729 download)

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Book Synopsis Writers' & Artists' Yearbook 2020 by : Bloomsbury Publishing

Download or read book Writers' & Artists' Yearbook 2020 written by Bloomsbury Publishing and published by Bloomsbury Publishing. This book was released on 2019-07-25 with total page 1075 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packed with practical advice, guidance and inspiration about all aspects of the writing process, this Yearbook is the essential resource on how to get published. It will guide authors and illustrators across all genres and markets: those looking for a traditional, hybrid or self-publishing route to publication; writers of fiction and non-fiction, poets and playwrights, writers for TV and radio, newspapers and magazines. New articles for the 2020 edition include: - Raffaella Barker Writing romantic fiction - Chris Bateman Writing for video games: a guide for the curious - Dean Crawford Going solo: self-publishing in the digital age - Jill Dawson On mentoring - Melissa Harrison So you want to write about nature ... - Kerry Hudson Writing character-led novels - Mark Illis Changing lanes: writing across genres and forms - Maxim Jakubowski Defining genre fiction - Antony Johnston Breaking into comics - Suzanne O'Sullivan Writing about science for the general reader - Tim Pears Writing historical fiction: lessons learned - Di Redmond Ever wanted to write a saga? - Anna Symon Successful screenwriting - Nell Stevens Blurring facts with fiction: memoir and biography - Ed Wilson Are you ready to submit?

The Law of Limited Liability Partnerships

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Publisher : Tottel Publishing
ISBN 13 : 9781847663221
Total Pages : 0 pages
Book Rating : 4.6/5 (632 download)

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Book Synopsis The Law of Limited Liability Partnerships by : John Whittaker

Download or read book The Law of Limited Liability Partnerships written by John Whittaker and published by Tottel Publishing. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive guide to the law relating to this particular type of corporate vehicle, which combines a degree of protection from personal liability with the traditional flexibility of a partnership.