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Special Report on

Revised Uniform Partnership Act

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Preeminent Treatise - This is recognized by scholars and practitioners as one of the leading authorities on a specific subject. Agency, Partnerships, and LLCs : Examples and Explanations. Daniel S. Kleinberger  KF1345.Z9 K6  This treatise is a thorough, student-friendly review of the applications of agency and partnership law. The agency chapters include important points from Drafts of the Restatement (3d) of Agency. The partnership chapters give roughly equal coverage to the original Uniform Partnership Act (UPA) and the Revised Uniform Partnership (UPA) and the Revised Uniform Partnership Act (RUPA) and more ...
is a partnership in which some or all partners (depending on the jurisdiction) have limited liability. It therefore exhibits elements of partnerships and corporations . In an LLP one partner is not responsible or liable for another partner's misconduct or negligence. This is an important difference from that of a limited partnership. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. In some countries, an LLP must also have at least one "general partner" with unlimited liability. Unlike corporate shareholders, the partners have the right to manage the ...
No Charging Order Protection For Single Member LLCs :: California ...
Supreme Court of Florida, June 24, 2010), the Florida Supreme Court held that Florida’s general collection statute authorizing liens and levies on all assets was not limited by the charging order statute even though the plain meaning of the charging order statute provides that it is the exclusive remedy for a creditor pursuing an LLC membership interest. The text of the decision follows: OLMSTEAD v. FEDERAL TRADE COMMISSION SHAUN OLMSTEAD, et al., Appellants, v. FEDERAL TRADE COMMISSION, Appellee. No. SC08-1009. Supreme Court of Florida. June 24, 2010 Thomas C. Little, Clearwater, Florida, for Appellant William Blumenthal, ... market research, surveys and trends
All About Charging Orders – A Comprehensive Review of How LLCs and ...
There are relatively few types of assets that are statutorily protected from claims of creditors. Membership interests in limited liability companies (“LLCs”) and partnership interests are afforded a significant level of protection through the charging order mechanism. The Importance of History Before the advent of the charging order, a creditor pursuing a partner in a partnership was able to obtain from the court a writ of execution directly against the partnership’s assets, which led to the seizure of such assets by the sheriff. This result was possible because the partnership itself was not treated as a juridical ... market research, surveys and trends


FindLaw | Cases and Codes
This estate tax case presents a single issue: Whether discounts for lack of control, lack of marketability, and poor portfolio diversity are applicable when appraising the value of an assignee's fractional interest in a Texas general partnership for estate tax purposes. The district court correctly identified the relevant interest of the partnership in question ---- that of a partner's assignee, not that of a full-fledged partner ---- but reached the erroneous legal conclusion that the assignee of a 25 percent partner's interest has a "well-established" right to receive a 25 percent pro rata share of ... industry trends, business articles and survey research
Proposals for solving the state’s revenue crunch are flying in from all sides. Income taxes, sales taxes, franchise and excise taxes, privilege taxes, employer taxes — they’re all on the table. Gov. Sundquist got things going on Tuesday when he proposed his Revenue Act of 2001. Senate Speaker Pro Tem Robert Rochelle, D-Lebanon, followed the same day with his proposal for a broad-based income tax. Two more proposals followed Wednesday, when Sen. Jerry Cooper, D-Morrison, and Rep. Tommy Head, D-Clarksville, offered their Employer Privilege Tax, and Rep. Larry Scroggs, R-Germantown, and Sen. David ... industry trends, business articles and survey research
2010 amendments to Delaware business statutes
Delaware's Governor, Jack Markell, recently signed into law bills amending several of Delaware's renowned alternative business entity statutes, namely, the Delaware Revised Uniform Partnership Act, 6 Del. Please log in below to access the full article. If you are not an existing Lexology subscriber, please register for the free daily legal newsfeed service here . On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act ("PPACA"), the first part of Congress' historic health care reform legislation. Quite often, companies in the construction ... market trends, news research and surveys resources
In Re: Petition of Lawrence County Tax Claim Bureau For Sale of Real Estate at Public Sale, Freed and Cleared of Claims, Liens, Mortgages, Charges, and Estates, Except Separately Taxed Ground Rents in Accordance with The Estate Tax Law. Appeal of NIC Land Co. and Family Way L.P. No. 94 C.D. 2009. Commonwealth Court of Pennsylvania. Submitted: September 4, 2009. Filed: July 1, 2010. Before: PELLEGRINI, Judge, LEAVITT, Judge, FLAHERTY, Senior Judge. OPINION BY JUDGE LEAVITT. Pius A. Uzamere, pro se, appeals an order of the Court of Common Pleas of Lawrence County, dismissing his challenge to a proposed judicial tax sale of two ... market trends, news research and surveys resources


Revised Uniform Partnership Act - UNIFORM PARTNERSHIP ACT (1997)
Revised Uniform Partnership Act (1992) was adopted unanimously by a vote of the .... Subcommittee on the Revised Uniform Partnership Act, the chairs of that ... technology research, surveys study and trend statistics
(b) In order to form a limited liability partnership, the original partnership agreement of the partnership shall state that the partnership is formed as a limited liability partnership, and the partnership shall file a statement of qualification in accordance with subsection (c) of this section. In order for an existing partnership to become a limited liability partnership, the terms and conditions on which the partnership becomes a limited liability partnership must be approved by the vote necessary to amend the partnership agreement and, in the case of a partnership agreement that expressly considers ... technology research, surveys study and trend statistics
Revised Uniform Partnership Act of 1997 - Penn Law
The Committee that acted for the National Conference of Commissioners on Uniform State Laws in preparing the Uniform Partnership Act (1996) was as follows: HARRY J. HAYNSWORTH, IV, William Mitchell College of Law, 875 Summit Avenue, St. Paul, MN 55105, Chair ANN E. CONAWAY ANKER, Widener University, School of Law, P.O. Box 7474,Wilmington, DE 19803 REX BLACKBURN, Suite 200, 1101 W. River Street, P.O. Box 959, Boise, ID 83701 STANLEY M. FISHER, 1100 Huntington Building, Cleveland, OH 44115 REED L. MARTINEAU, P.O. Box 45000, 10 Exchange Place, Salt Lake City, UT 84145 JOHN M. SPANGLER, Legislative Research Commission, ...
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How to phrase a Partnership Agreement? | LinkedIn Answers | LinkedIn
Put the agreement into writing covering the points most interest to you. Have it finalized by your lawyer. Sounds like a non-disclosure agreement might cover everyones' interest. It'll be a good guideline on how to conduct oneself in a Team-environment. A Mission statement with guidelines, agreed to by all parties would be helpful. One thought: if you deal with people who lack integrity, no piece of paper will safeguard your interests. posted 9 months ago Co-owner / Creative Director of Owen Graffix see all my answers as stated in the previous answer no piece of paper will truly safe guard your assets. A lawyer can ...
Google Answers: Best practices for forming a business partnership ...
Subject: Best practices for forming a business partnership (reposted) $45 -------------------------------------------------------- I am reposting this question. It is a cleaned up ver of another question I posted, which seems to have gotten corrupt, since I can no longer post anything to it or edit it. I am cleaning up my request and adding more background info. I will also include a reprint of parts of what other?s added (as comments) to that earlier question. I will try to close the other question, but it might give me a error like it did when I tired to post a comment. ...