Book Description

Now, in looseleaf format and updated twice a year, the Second Edition of Bromberg and Ribstein on Limited Liability Partnerships, the Revised Uniform Partnership Act, and the Uniform Limited Partnership Act gives you today's most complete, insightful analysis of how recent statutory and judicial developments are transforming modern partnership law. The new edition of this fast-action guide to RUPA and the Uniform Limited Partnership Act (2001) also provides coverage of the LLP statutes currently in force in all states and the District of Columbia. Expert authors Bromberg and Ribstein help you master the statutory foundation of partnership law. Coverage includes: Limited Liability Partnerships.The interpretation and application of limited liability provisions continue to be important in light of ongoing bankruptcies and litigation which carry the potential for significant liability of law firms and other professional firms, many of which are organized as limited liability partnerships (LLPs). Revised Uniform Partnership Act.The Revised Uniform Partnership Act (R.U.P.A.), adopted by 39 state jurisdictions, the District of Columbia, and the U.S. Virgin Islands, has become the statutory law of partnership and the basis for case law in the field. Uniform Limited Partnership Act (2001).The revised version of the Uniform Limited Partnership Act (U.L.P.A.) has already been adopted by 21 states and the District of Columbia, and is expected to be adopted by many other states as the successor to the 1985 version of the Revised Uniform Limited Partnership Act (R.U.L.P.A.). This indispensable edition delivers complete analysis of current partnership law. Master the statutory foundation of partnership law with quick reference charts on LLP formation requirements for all 50 states, authoritative, section-by-section analysis of the latest versions of RUPA and ULPA, tables comparing key provisions, an 11-point checklist for reviewing LLP partnership agreements, and more. In nine concise chapters, the esteemed authors explain how to: structure LLPs for maximum liability protection resolve choice of law problems and other litigation issues manage the impact of non-partnership laws, including tax treatment of LLPs This convenient guide puts at your fingertips: comparison of business forms, including a time saving decision tree quick reference charts of LLP formation requirements for all 50 states authoritative, section-by-section analysis of the latest versions of RUPA and ULPA full text of RUPA and ULPA, plus selected state LLC statutes tables comparing key provisions of state LLP statutes, including liability shields and foreign LLP provisions a handy 11-point checklist for reviewing LLP partnership agreements a separate chapter on LLLPs - limited liability limited partnerships application of nonpartnership law to limited liability partnerships, including tax, securities, bankruptcy, and more Put this indispensable edition to work in your practice today!