202Course · Foundation
General Partnerships
The form that binds strangers with unlimited liability.
A general partnership can form by accident and impose unlimited personal liability on strangers. This course teaches you what it is, how to draft one when it truly fits, and — most often — why the LLC is the answer.
- 01
Explain what a general partnership is.
- 02
Draft partnership terms defensibly.
- 03
Recognize when to refuse the form.
Pacing
3 days · ~2 hours.
- IModule
What it is
Before the trap.
- IIModule
The agreement
The document.
- IIIModule
Practical reality
When to refuse.
A Note from the Faculty
The unlimited-liability form is the form to avoid unless a specific structural need demands it.