In January, Dr Vidricksen contributed $250,000 to become a limited partner in a Chevrolet car agency business with Thom, the general partner Articles of limited partnership were drawn up, but no effort was made to comply with the States statutory requirement of recording the certificate of limited ...

Vidricksen was a general partner with Thom insofar as t ...

In January, Dr. Vidricksen contributed $250,000 to become a limited partner in a Chevrolet car agency business

Question:

In January, Dr. Vidricksen contributed $250,000 to become a limited partner in a Chevrolet car agency business with Thom, the general partner. Articles of limited were drawn up, but no effort was made to comply with the State’s statutory requirement of recording the certificate of limited In March, Vidricksen learned that because of the failure to file, he might not have formed a limited At this time, the business developed financial difficulties and went into bankruptcy on September 11. Eight days later, Vidricksen filed a renunciation of the business’s profits. Is Dr. Vidricksen a general partner?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...