Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Partnerships – Episode 4: Entity or Aggregate?

7:35
 
Share
 

Manage episode 490454191 series 3593781
Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This episode introduces the Entity Theory of Partnerships as codified in the Revised Uniform Partnership Act (RUPA). It traces the historical shift from the aggregate theory—treating partnerships as collections of individuals—to the modern view of partnerships as distinct legal entities. The episode explains how this change affects property ownership, contractual capacity, and litigation, allowing partnerships to own assets, enter contracts, and sue or be sued in their own name. It also discusses remaining areas where the aggregate theory persists, including partnership taxation (pass-through treatment) and dissolution. The episode concludes by assessing how the Entity Theory improves legal clarity for third parties while preserving flexibility for partners.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 490454191 series 3593781
Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This episode introduces the Entity Theory of Partnerships as codified in the Revised Uniform Partnership Act (RUPA). It traces the historical shift from the aggregate theory—treating partnerships as collections of individuals—to the modern view of partnerships as distinct legal entities. The episode explains how this change affects property ownership, contractual capacity, and litigation, allowing partnerships to own assets, enter contracts, and sue or be sued in their own name. It also discusses remaining areas where the aggregate theory persists, including partnership taxation (pass-through treatment) and dissolution. The episode concludes by assessing how the Entity Theory improves legal clarity for third parties while preserving flexibility for partners.

  continue reading

100 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play