Partners' Share in the Profits and Losses in a CLP - CLP/SCS XIV - #357-346*

The common limited partnership (CLP - société en commandite simple) offers flexibility. Distributions and reimbursements to partners, and the conditions under which the CLP may request their return are governed by the constitutive documentation: the partnership agreement. 

Therefore, as the law provides, unless otherwise stipulated in the partnership agreement, the share of each partner in the profits and losses of the CLP is in proportion to her/his partnership interests.

References: Article 310-4 of the law of 10 August 1915 on commercial companies as amended; #344-333* What Is a Common Limited Partnership? - CLP / SCS I, April 29, 2021 Bertrand Mariaux.

* Podcast #357

*YouTube Video 346* 

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