Different types of entities lenders may encounter: Limited Partnerships

6 minute read
12 January 2023

As previously discussed, partnerships can be structured in the form of a general partnership or limited partnership. A limited partnership is structured differently from a general partnership in several ways.

In this video we discuss:

  • Formation by written agreements and declarations
  • The role of a general partner in a limited partnership
  • Liability of the general partner and limited partners
  • Signing loan documents

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How we can help

If you have any specific questions about the points discussed or it's specific application, please reach out to our Banking & Finance Group or Matthijs van Gaalen.

About the series

Every now and again, a banker may encounter an unfamiliar legal entity. Even with more common entities such as corporations, partnerships, and individuals, the legal considerations may not be always top-of-mind for bankers. In this series, we'll address some of the essential legal considerations for various types of entities that participate in financing transactions.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.