As mentioned previously, the question of contributions between partners is important in a corporate entity. In what manner is the question of partners' contributions addressed in a common limited partnership (CLP - société en commandite simple)? What form may partners' contributions take in a CLP - essentially a contractual entity? This issue is dealt with partly by law and in part contractually.
The following three forms of contribution are possible:
in cash ;
in kind; and
in industry.
New partners may be admitted in accordance with the conditions laid down in the partnership agreement.
As with any other company, the CLP may issue equity, equity like instruments and debt instruments (including bonds, notes etc.).
References: Articles 310-1 (2), (3), (4) and 100-14, §1 of the law of 10 August 1915 on commercial company as amended; L’apport - condition de fond à la création de la société ii #123-112, L’apport en numéraire - catégories d’apports - conditions de fond à la création de la société iii #124-113, L’apport en nature - des conditions de fond à la création de la société - iv #125-114, L’apport en industrie - des conditions à la création de la société (v) #126-115, Bertrand Mariaux Avocats.
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Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)
Contributor: Cédric Buisine, Avocat