The Law Of Limited Partnership

This consultation paper forms part of the joint review of partnership law, undertaken at the request of the Minister of State at the Department of Trade and Industry. Part 2 gives a brief overview of the existing law; Part 3 discusses the formal requirements for establishing and operating a limited partnership; Part 4 examines the liability and role of the limited partner and the withdrawal of capital; Part 5 discusses the rights and obligations of partners; Part 6 lists consultation questions and provisional proposals of the joint Commission.

For those seeking to form or work with limited partnerships, understanding the legal framework governing these entities is critical. Clement Bates provides a detailed overview of the law of limited partnerships, covering formation, governance, taxation, and more. This book is an essential resource for anyone working with limited partnerships. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Dealing with the modern practical issues inherent in setting up, running and dissolving a partnership, this text provides the reader with a definitive statement of the law using modern terminology relevant to current business practice. The emergence of limited liability partnerships is the biggest development in this area in a number of years, and this second edition of the specialist practitioner text covers recent advances in the law.

The Uniform Partnership Act (1997) (RUPA) is a far-reaching revision and modernization of the law of partnerships. This prototype agreement explores how a partnership agreement can be crafted to the new environment.