1. Partnerships
1.1. Agency Concepts & Ownership
2. The Uniform Partnership Act (UPA)
2.1. Partnerships
2.1.1. Tax Treatment
2.1.2. Formation
2.1.2.1. Oral
2.1.2.2. Written
2.1.2.3. Implied by conduct
2.1.3. Duration
2.1.3.1. Partnership for a Term
2.1.3.2. Partnership at Will
2.1.4. Rights of Partners
2.1.4.1. Management Rights
2.1.4.2. Interest in the Partnership
2.1.4.3. Compensation
2.1.4.4. Inspection of Books
2.1.4.5. Accounting of Partnership Assets/Profits
2.1.4.6. Property Rights
2.1.4.6.1. UPA §203 – Ownership
2.1.4.6.2. UPA §501 – Transfer Restrictions
2.1.4.6.3. UPA §401(g) – Use of Property
2.1.5. Duties of partner
2.1.5.1. Fiduciary Duties
2.1.5.1.1. UPA §404(c): Duty of Care
2.1.5.1.2. UPA §404(d): Duty of Loyalty & Good Faith
2.1.5.1.3. UPA §404(e): Pursuing Personal Interests
2.1.5.1.4. UPA §103(b): Waiver of Duties
2.1.6. Liability of Partners
2.1.6.1. UPA §305: Personal Liability
2.1.6.2. Joint Liability
2.1.6.3. Joint and Several Liability
2.1.6.4. Indemnification
2.1.6.5. UPA §306(b): Incoming Partners
2.1.7. Dissociation of Partners
2.1.7.1. Dissolution
2.1.7.2. Winding Up
2.1.8. Termination of Partnerships
2.1.9. Partnership by Estoppel
2.2. Clarifications
2.2.1. Sharing Profits ≠ Partnership
2.2.2. Joint Property Ownership ≠ Partnership
3. Limited Liability Partnership (LLP)
3.1. Formation
3.1.1. State statutes
3.1.2. Registration form
3.1.3. Business name must include "Limited Liability Partnership" or "LLP"
3.1.4. Must file an annual report
3.2. Liability
3.2.1. One’s own wrongful acts
3.2.2. Wrongful acts of those under direct supervision.
3.3. Family LLPs
4. Limited Partnership (LP)
4.1. Partner Roles
4.1.1. General Partner
4.1.2. Limited Partner
4.2. Formation
4.2.1. Strict statutory procedures
4.2.2. Certificate of Limited Partnership
4.2.2.1. Names, addresses
4.2.2.2. Capital contributions of each partner
4.3. Liabilities
4.3.1. General Partners
4.3.2. Limited Partners
4.4. Dissociation
4.4.1. General Partner
4.4.2. Limited Partner