United Kingdom Partnership Law
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United Kingdom Partnership Law
United Kingdom partnership law concerns the way that partnerships are formed or governed within the United Kingdom. Depending upon where the partnership was formed, English law, Scots law or Northern Irish law may apply in addition to statutes that create a framework across the UK. Under Scots law a partnership is a distinct legal entity and can borrow money from a bank in the name of the partnership, while English law only allows borrowing in the names of individual partners. Partnerships are a form of business association, which arises automatically when people carry on business with a view to a profit (Partnership Act 1890 s 1). Partners are jointly and severally liable, just as they own the property in common. History A limited partnership under the Limited Partnerships Act 1907 is similar to a partnership under the Partnership Act 1890, although there are two different types of partners: general partners, and limited partners. A general partner treated in the same way as a pa ...
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Partnerships
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th centur ...
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Incorporation (business)
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town. In the United States Specific incorporation requirements in the United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation. *Business purpose *Corporation name *Registered agent *Inc. *Share par value *Number of authorized shares of stock *Directors *Preferred shares *Officers *Legal address A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively, the purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate iden ...
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Limited Partnerships In England And Wales
{{Use dmy dates, date=April 2022 In the United Kingdom, a limited partnership consists of: *one or more persons called general partners, who are liable for all debts and obligations of the firm; and *one or more persons called limited partners, who contribute a sum/sums of money as capital, or property valued at a stated amount. Limited partners are not liable for the debts and obligations of the firm beyond the amount contributed. Limited partners may not: *draw out or receive back any part of their contributions to the partnership during its lifetime; or *take part in the management of the business or have power to bind the firm. If they do, they become liable for all the debts and obligations of the firm up to the amount drawn out or received back or incurred while taking part in the management, as the case may be. Generally speaking, an individual or a legal body such as a company may be a partner in a limited partnership, either as a general or as a limited partner. A person ...
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United Kingdom Company Law
The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business. Tracing their modern history to the late Industrial Revolution, public companies now employ more people and generate more of wealth in the United Kingdom economy than any other form of organisation. The United Kingdom was the first country to draft modern corporation statutes, where through a simple registration procedure any investors could incorporate, limit liability to their commercial creditors in the event of business insolvency, and where management was delegated to a centralised board of directors. An influential model within Europe, the Commonwealth and as an international standard setter, UK law has always given people broad freedom to design the internal company rules, so long as the mandato ...
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Northern Ireland Assembly
sco-ulster, Norlin Airlan Assemblie , legislature = 7th Northern Ireland Assembly, Seventh Assembly , coa_pic = File:NI_Assembly.svg , coa_res = 250px , house_type = Unicameralism, Unicameral , house1 = , leader1_type = Speaker of the Northern Ireland Assembly, Speaker , leader1 = Alex Maskey , election1 = 11 January 2020 , members = 90 , salary = £55,000 per year + expenses , structure1 = PartyNI2022.svg , structure1_res = 250px , political_groups1 = * Sinn Féin (27) Irish nationalism, N * Democratic Unionist Party, DUP (25) Unionism in the United Kingdom, U * Alliance Party of Northern Ireland, Alliance (17) Cross-community vote#Designations, O * Ulster Unionist Party, UUP (9) Unionism in the United Kingdom, U * Social Democratic and Labour Party, SDLP (8) Irish nationalism, N * Traditional Unionist Voice, TUV (Jim Allister, 1) Un ...
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Limited Liability Partnerships Act (Northern Ireland) 2002
The Limited Liability Partnerships Act (Northern Ireland) 2002 is an Act of the Northern Ireland Assembly which introduced the concept of the limited liability partnership into Northern Irish law, passed two years after the Limited Liability Partnerships Act 2000 introduced the concept into the law of England and Wales and Scots law. It created an LLP as a body with legal personality separate from its members (unlike a normal partnership) which is governed under a hybrid system of law partially from company law and partially from partnership law. Unlike normal partnerships the liability of members of LLP on winding up is limited to the amount of capital they contributed to the LLP. Currently, despite the passing of the Companies Act 2006 and its gradual entry into force, the new law does not apply to LLP's. The commencement orders for the Companies Act 2006 have so far included saving provisions for the provisions of the Companies (Northern Ireland) Order 1986 A company ...
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Companies Act 2006
The Companies Act 2006 (c 46) is an Act of the Parliament of the United Kingdom which forms the primary source of UK company law. The Act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985. The Act provides a comprehensive code of company law for the United Kingdom, and made changes to almost every facet of the law in relation to companies. The key provisions are: * the Act codifies certain existing common law principles, such as those relating to directors' duties. * it transposes into UK law the Takeover Directive and the Transparency Directive of the European Union * it introduces various new provisions for private and public companies. * it applies a single company law regime across the United Kingdom, replacing the two separate (if identical) systems for Great Britain and Northern Ireland. * it otherwise amends or restates almost all of the Companies Act 1985 to varying degrees. The ...
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Sleeping Partner
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th centur ...
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John George Phillimore
John George Phillimore (1808–1865) was an English barrister, known as a jurist and Liberal Party politician. Life The eldest son of Joseph Phillimore, he was born on 5 January 1808, and was educated at Westminster School. On 28 May 1824 he matriculated at Christ Church, Oxford, of which he was faculty student, and graduated B.A. in 1828, having taken a second class in the classical schools; he proceeded M.A. in 1831. From 1827 to 1832 Phillimore held a clerkship in the Board of Control for India, and on 23 November 1832 was called to the bar at Lincoln's Inn, where he was elected a bencher in 1851. In 1850 Phillimore was appointed reader in civil law and jurisprudence at the Middle Temple. In 1851 he took silk, and in the following year he was appointed reader in constitutional law and legal history to the Inns of Court. Phillimore represented Leominster as a Liberal in the Parliament of 1852–1857. He spoke on free trade Free trade is a trade policy that does not res ...
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Henry Blackstone's Reports
Reports in Common Pleas and Exchequer, from E.T. 28 G. III., 1788, to H.T. 36 G. III., 1796 is the title of a collection of nominate reports, by Henry Blackstone, the nephew of Sir William Blackstone, of cases decided between approximately 1788 and 1796. For the purpose of citation their name may be abbreviated to "Bl H". They are in two volumes. They are reprinted in volume 126 of the English Reports.Index Chart issued for the English Reports, 1930, Stevens & Sons Ltd. (London), W. Green & Son, Ltd. (Edinburgh). Page 5. John Gage Marvin John Gage Marvin (1815–1855) was an American lawyer, known as a legal bibliographer and figure of the history of California. Early life He was born at Le Raysville, Pennsylvania, and was educated at Wesleyan University in Connecticut. He then t ... said: See also * Anstruther's Reports References *Reports in Common Pleas and Exchequer, from E.T. 28 G. III., 1788, to H.T. 36 G. III., 1796. 4th ed. with notes, &c. 2 vols. 8vo. London. 1827. { ...
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English Reports
The English Reports is a collection of judgments of the higher English courts between 1220 and 1866. Overview The reports are a selection of most nominate reports of judgments of the higher English courts between 1220 and 1866.Glanville Williams, Learning the Law, 11th Edition, 1982, Stevens, p.34; 13th Edition, 2006, Sweet and Maxwell, p.36 They reproduce many reports not from their original editions but from dependable, although not always verbatim, later editions and give a nominate report citation. It was published in 178 volumes gradually from 1900 to 1932 by Stevens & Sons in London and by William Green & Sons in Edinburgh. Citation of these reports For citation in most Commonwealth countries it is cited in written form as ''E.R.'', as in ''Planché'' v. ''Colburn'' (1831) 131 E.R. 305. Sometimes the original nominate report citation is also used in parallel. The compendium is sometimes cited in U.S. courts, where it is normally cited by using the original nominate repor ...
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Waugh V Carver
Waugh is a surname ( or , or the Scots pronunciation sounding like "Woch" as in the Scots "Loch" (Lake) derived from the proto-Germanic Walhaz), and may refer to: * Ainsley Waugh (born 1981), Jamaican athlete * Andrew Scott Waugh (1810–1878), British Indian surveyor * Arthur Waugh (1866–1943), English author and publisher (father of Alec and Evelyn) **Alec Waugh (1898–1981), British novelist **Evelyn Waugh (1903–1966), British novelist ***Auberon Waugh (1939–2001), British journalist and satirist (father of Alexander and Daisy) ****Alexander Waugh (born 1963), British writer and journalist ****Daisy Waugh (born 1967), British novelist and journalist * Arthur Waugh (priest) (1840–1922), English Anglican cleric * Arthur Waugh (civil servant) (1891–1968), British civil servant in India and folklorist *Arthur James Waugh (1909–1995)), Lord Mayor of Coventry 1962 and City Father * Barratt Waugh (born 1979), British countertenor singer *Benjamin Waugh (1839–1908), Victor ...
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