Review 3464920 Canada Inc v Strother in Chapter 14 At the time of the dispute between Monarch, Strother and Davis Company, Davis operated as a general partnership It only became possible for a British Columbia law firm to become a limited liability partnership (LLP) in 2005 At that time Davis, alon...

An LLP is a variation of the partnership form in which the partners have unlimited liability for the ...

Review 3464920 Canada Inc. v. Strother in Chapter 14. At the time of the dispute between Monarch,

Question:

Review 3464920 Canada Inc. v. Strother in Chapter 14. At the time of the dispute between Monarch, Strother and Davis & Company, Davis operated as a general It only became possible for a British Columbia law firm to become a limited liability (LLP) in 2005. At that time Davis, along with many other B.C. firms became a LLP. Assume that Davis was an LLP at the time of the dispute with Monarch. How would being a member of an LLP affect Strother’s personal liability to Monarch? How would Davis being an LLP affect the liability of the other partners? How do you think the LLP structure affects the relationship between a law firm and its clients? How do you think the LLP structure affects the relationship between lawyers within a law firm?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...