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
