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-   -   Cases on partnerships and limited liabillity companies (https://www.askmehelpdesk.com/showthread.php?t=739907)

  • Mar 19, 2013, 07:41 AM
    torres 9
    Cases on partnerships and limited liabillity companies
    I want someone to help me,with cases on the differences between partnerships and limited liability companies
  • Mar 19, 2013, 07:42 AM
    Curlyben
    Which jurisdiction or location ?
  • Mar 19, 2013, 05:51 PM
    AK lawyer
    What is it you want to know specifically. Partners can be liable for the debts of the partnership. Owners of a LLC are not. That's the difference in a nutshell.
  • Mar 20, 2013, 12:25 AM
    torres 9
    Thanks guys but what I meant was e.g in a partnership there is no perpetual succession whereas is company there is,now what I wanted was a decided case which supports this position
  • Mar 20, 2013, 12:36 AM
    torres 9
    Quote:

    Originally Posted by Curlyben View Post
    Which jurisdiction or location ?

    british or common law in short
  • Mar 20, 2013, 08:40 AM
    JudyKayTee
    You are asking for case law?

    This sounds a lot like homework -
  • Mar 31, 2013, 04:15 AM
    torres 9
    Quote:

    Originally Posted by JudyKayTee View Post
    You are asking for case law?

    This sounds a lot like homework -

    Yes I want decided cases
  • Mar 31, 2013, 06:21 AM
    AK lawyer
    What she was getting at is that we don't do homework. If you run your conclusion by us we will comment, but homework is your job.

    It's unlikely that there will be case law to back up the matter of perpetual succession. It would be obvious from the nature of the thing, so who would ever litigate the matter, let alone appeal?

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