Underwriting Contracts
After forming a partnership is there a way to underwrite the partnership, naming one partner as the owner which supersedes the original partnership.
Asked on 2/24/04, 9:33 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Underwriting Contracts
Not really. You'd have to dissolve the partnership and have the 'owner' buy out the other partner. The alternative, if one is staying in as strictly a moneyman, would be to form a limited partnership with the moneyman as the limited partner, and the active partner as the operating partner.
Answered on 2/24/04, 10:24 am
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