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Changing A Partnership Into A Corporation, Daniel J. Gifford
Changing A Partnership Into A Corporation, Daniel J. Gifford
Vanderbilt Law Review
The present essay will deal only with those businesses which possess unlimited growth potential in respect of the amount of assets which they can profitably employ in the production of income. If such businesses grow sufficiently, they will probably ultimately reach the stage of publicly held corporations. The reasons for this will vary, although it would seem that once the growth process has picked up momentum, the business may require capital at a rate faster than earnings can be accumulated or funds can be obtained from lenders.
Is A Partnership Under The Uniform Partnership Act An Aggregate Or An Entity?, A. Ladru Jensen
Is A Partnership Under The Uniform Partnership Act An Aggregate Or An Entity?, A. Ladru Jensen
Vanderbilt Law Review
The conflict in entity versus aggregate views of a partnership is materially lessened in those jurisdictions which have removed the procedural disability of partnerships to be sued in their own names. The advantages secured by having a procedural statute allowing partnerships to be sued in their own names argue strongly for the adoption of such act in all of the states having the Uniform Partnership Act, as is indicated by the foregoing analysis. The recognition of the Internal Revenue laws of partnerships as an aggregate for purposes of income taxation will most surely long continue, even though partnerships may be …