The Evolving Partnership

Posted: 24 Apr 2002  

Larry E. Ribstein

University of Illinois College of Law (deceased); PERC - Property and Environment Research Center

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Abstract

The partnership form has undergone rapid evolution in the U.S., particularly in recent years, as a result of competition between jurisdictions and among business forms. This provides an important lesson for Europe in the wake of Centros. This article shows that competition creates a dynamic law that is responsive to the varied needs of modern firms. This is preferable to uniform lawmaking that erroneously assumes that lawmakers can anticipate what optimal rules should be over time and across different firms.

JEL Classification: K0,K2,K4,L2

Suggested Citation

Ribstein, Larry E., The Evolving Partnership. Journal of Corporation Law, Vol. 26, p. 819, 2001. Available at SSRN: https://ssrn.com/abstract=307144

Larry Edward Ribstein (Contact Author)

University of Illinois College of Law (deceased)

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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