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Such an "Open" Corporate allows a new synthesis between the collective and the individual which gives us the "Joint" responsibility of a "Partnership" - which is key to collaborative/cooperative partnership working - but without the individual "several" responsibility of partnership.

Do I understand correctly that his "new synthesis" relieves individual members of "joint and several" liability while giving them proportional ownership rights and liabilities?  Is this a provision of the current UK LLP?  Do you know the legal status of this concept in the US?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 12th, 2008 at 10:50:56 AM EST

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