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    Partnerships

    This condensed Partnership Law Outline is developed for you so that you may customize it to your class. Included are all the main points of the course, enabling you to easily identify and edit all the important topics for daily course review and exam preparation.

    Authored by:

    Professor Tania N. Shah

    Download Complete Outline:

    Table of Contents

    1. Introduction to Partnerships
    a. RUPA: Revised Uniform Partnership Act
    b. Definition of a Partnership
    2. Organization
    a. Requirements
    b. Formation Methods
    c. Types of Partnerships
    3. Partnership Property Rights & Management
    a. Partner’s Ownership Interest
    4. Partnership Rights and Relationships
    a. Fiduciaries
    b. Profit and Loss Sharing
    c. Management
    d. Right to Books and Records
    e. Disclosure
    f. Actions by Partnership and Partners
    5. Partnership Liability to Third Parties
    a. General Liability
    b. Agency Rules
    c. Joint and Several Liability
    d. Transfer of Partnership Property
    6. Partnership Dissociation
    a. Dissociation Events
    b. Wrongful Dissociation
    c. Dissociation Effect
    D. Purchase of Dissociated Interest
    e. The Dissociation Partner’s Ongoing Liability
    7. Partnership Dissolution & Windup
    a. Events Causing Dissolution
    b. When a Partnership Continues After Dissolution
    c. Liquidation Distribution Priority
    d. Settlement and Contribution
    8. Partnership Conversions and Mergers: Allowed
    9. Limited Partnerships
    a. Requirements
    b. Advantages
    c. Prohibited Functions
    d. Liability to Third Parties
    e. Ownership Interest
    f. Dissolution
    10. Limited Liability Partnership (“LLP”)
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    1. Introduction to Partnerships