In Kenya, limited liability companies have a different legal personality than their affiliates. The liability of the partners is limited to any amount that may remain unpaid through the company`s capital. However, partners may be held liable for omissions or actions they themselves have performed if they do not have the competent authority of the partnership or if the party concerned knew that the partner had no authority or had no reason to believe that the person was a partner in the partnership. Registration is what gives the company such a legal personality. Registration is made by the Registrar of Companies after the meeting. The requirements are set out in the Limited Liability Partnership Act of 2011. [15] In some countries, an LLP must have at least one person known as the «General Partner» who is fully responsible for the business. To create a limited partnership, partners must register the business in the applicable state, usually through the local secretary`s office. It is important to obtain all relevant business licenses and licenses that vary by location, land or industry. The U.S. Small Business Administration lists all local, state and federal authorizations and licenses necessary to start a business. Some U.S.

states have combined the LP and LLP forms to create limited liability companies. Limited liability companies differ from single limited partnerships in some countries, which may allow all LLP partners to have limited liability, while a limited partnership may require at least one unlimited partner and allow others to assume the role of passive and equity-limited investor. As a result, the LLP is more appropriate in these countries for companies in which all investors wish to play an active role in management. In 2006, a limited liability partnership (責任組, y`gen sekinin jigyé kumiai) was established in Japan as part of a large-scale review of legislation on economic organizations. Japanese LPLs can be set up for any purpose (although the objective must be clearly stated in the partnership agreement and cannot be generalized), have limited liability and are treated fiscally as pass-through units. However, each LLP partner must play an active role in the business, so that the model is better suited to joint and small businesses than to businesses in which investors wish to play passive roles. [12] [13] A joint venture is a general partnership that remains valid until a project or deadline is completed.