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VIDEO · 17 JANUARY 2023

Different Types Of Entities Lenders May Encounter: General Partnerships (Video)

Gowling WLG
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Partnerships can be structured in the form of a general partnership or limited partnership. In most general partnerships, each partner is fully liable for the debts, liabilities, and obligations...

CanadaFinance and Banking
Matthijs Van Gaalen
Matthijs Van Gaalen
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Partnerships can be structured in the form of a general partnership or limited partnership. In most general partnerships, each partner is fully liable for the debts, liabilities, and obligations of the partnership, as well as the other partners, in respect of the business.

In this video we discuss:

  • Tests for partnerships
  • The liability of each partner
  • Signing authority
  • The absence of officers and directors

Transcript

I am Matthijs van Gaalen and I'm a corporate / commercial lending lawyer at Gowling WLG.

You're watching our fourth video as part of the video series entitled different types of borrowing entities. In this video we are going to review general partnerships.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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