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This Practice Note gives a brief outline of the types of borrowers that might wish to borrow money and the relevant legislation. It looks at:

1. •

   companies

2. •

   limited liability Partnerships

3. •

   general partnerships

4. •

   Limited partnerships

5. •

   unincorporated associations, and

6. •

   local authorities

For specific information on each type of entity, see Practice Notes:

1. •

   Dealing with companies in a finance transaction—capacity and authority

2. •

   Dealing with limited liability partnerships in a finance transaction—investigating capacity and authority

3. •

   Dealing with a partnership in a finance transaction—investigating capacity and authority

4. •

   Dealing with a limited partnership in a finance transaction—investigating capacity and authority

5. •

   Dealing with unincorporated associations in a finance transaction—investigating capacity and authority, and

6. •

   Key issues for lenders when dealing with a local authority in a commercial finance transaction

See also Practice Note: Forms of business vehicle.

This Practice Note does not cover the situation where the borrower is an individual. For information on consumer related issues, see: Consumer credit regime—overview and Practice Note: When are consumer-related rules, regulations and legislation relevant to a commercial financing transaction?