Last six months have been harrowing for a few SMEs who registered as Limited Liability Partnerships with the hope that they would sail more comfortably in their financials with equity and debt in good balance. But all of them faced the wall when they approached the financing banks for working capital loan. They advised these entrepreneurs to convert into private limited companies or partnership companies where the liability is not limited.
You can find the edited version of the article in the Hindu Business Line of 17th July.
No liability this: http://www.thehindubusinessline.com/opinion/columns/no-liability-this/article7430264.ece