ABSTRACT
Unlike the company where there is, at least in theory, a clear division between shareholders who invest in the business and the directors who manage the business, in partnership law there is no such division. In partnership law a person who invests in the fi rm’s business will inevitably fi nd that he is a partner in the fi rm and fully liable for the fi rm’s debts (unless he is a limited partner within the Limited Partnerships Act 1907 or the Limited Liability Partnerships Act 2000).
