Matthijs J.J. van Gaalen
Associé
Vidéos
Publié12 janvier 2023
Different types of entities lenders may encounter: Limited Partnerships
A limited partnership is structured differently from a general partnership in several ways.
6
minutes de lecture
My name is Stephanie Harvey and I am a corporate/commercial lending lawyer with Gowling WLG. You are watching video one of our 'Types of Security' video series. As the name suggests, each video in this series will discuss different security that a lender should consider when putting its security package together.
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
Watch more videos | Go to our lending resource hub
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.
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