May 5, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act The heart and soul of limited partnership law is that general partners are personally liable for partnership obligations but limited partners are not. Protecting limited partners from personal...
May 5, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act In his article, The New Limited Partner Liability Shield, Professor Carter Bishop begins with a very useful history of the control rule, which ULPA (2001) has eliminated. He then suggests two sets...
May 5, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act Over the past few years, the number of limited liability companies (LLCs) has grown prodigiously. As a result of the favorable tax treatment of organizations treated as partnerships, unincorporated...
Apr 26, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act Partnership law throughout most of the 20th century was centered upon the interrelated statutes of the Uniform Partnership Act and the Uniform Limited Partnership Act. Rules relating to general...
Apr 26, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act In a previous article, we stated that the drafters of unincorporated organization statutes, including the Uniform Limited Partnership Act (2001) (ULPA) and the Uniform Limited Liability Company Act...
Apr 26, 2004 | Lead Articles, Number 3, Print Edition, Volume 37
Closely-Held Business Symposium: The Uniform Limited Partnership Act The analysis of ”entity proliferation” is complex, primarily because there are serious problems of definition and classification. It is often difficult to decide whether a...
