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Wisconsin's Revised Uniform Partnership Act 2016

Product ID: CA2513D
Presented By: State Bar of Wisconsin PINNACLE

Painting a new partnership picture

An opt-in/opt-out provision for new and existing partnership agreements began July 1, 2016, as part of the Revised Uniform Partnership Act (2015 Wisconsin Act 295). The rest of the Act took effect on January 1, 2018 with changes you need to understand to determine the best course of action for your clients.

Wisconsin’s Revised Uniform Partnership Act explores these changes with three members of the Partnership Committee of the State Bar of Wisconsin’s Business Law Section who helped craft the Act’s language.

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Painting a new partnership picture

An opt-in/opt-out provision for new and existing partnership agreements began July 1, 2016, as part of the Revised Uniform Partnership Act (2015 Wisconsin Act 295). The rest of the Act took effect on January 1, 2018 with changes you need to understand to determine the best course of action for your clients.

Wisconsin’s Revised Uniform Partnership Act explores these changes with three members of the Partnership Committee of the State Bar of Wisconsin’s Business Law Section who helped craft the Act’s language.

Read More ↓

Joseph D. Masterson, a partner in the Milwaukee firm of Quarles & Brady LLP, received his undergraduate degree from Culver-Stockton College in Canton, Missouri, and his law degree from Harvard University. He focuses his practice in securities, business acquisition transactions, corporate governance, and business organization and operation issues, in addition to general corporate work.

Thomas J. Nichols is president and a shareholder of the Milwaukee law firm Meissner Tierney Fisher & Nichols S.C., where he has been practicing business and tax law since 1979. He is actively involved in the development of Wisconsin's business entity laws and closely-held business tax law at the federal level.

As chair of the State Bar Business Law Section's Partnership Committee, Thomas provided substantive leadership for Wisconsin's recent adoption of the Revised Uniform Partnership Act, and is currently spearheading the State Bar's efforts to update Wisconsin's other business entity statutes.

James N. Phillips is a shareholder in the Milwaukee office of Godfrey & Kahn, S.C. He is a past president and director of the Tax Section of the State Bar of Wisconsin. His practice is concentrated in taxation and corporate law. He received both his BA and JD from the University of Iowa.

  • Get an overview of Wisconsin’s Revised Uniform Partnership Act from attorneys who helped create it
  • Become familiar with statutory requirements for new and existing partnerships before the Act takes effect on January 1, 2018
  • Find out about the available opt-in provision for existing partnerships effective July 1, 2016
  • Discover if your clients’ new partnerships should immediately opt in or opt out of the Act
  • Business law attorneys
  • Corporate counsel
  • Labor & employment law attorneys
  • General practitioners
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