Partners

The Partners page in classic Entities lets you view and manage general and limited partners for a partnership. You can assign partners, edit details, remove partners, and record capital contributions using guided wizards. These actions update records immediately and maintain accurate corporate relationships for group structures. In modernized Entities, partnerships appear in a streamlined table under Entities > Partnerships, where you can search, sort, and customize columns. Data can be viewed in both experiences, but edits must be made in classic Entities.

Partnership Banner in classic Entities

The Banner of a Partnership record will display a number of icons that can be used to access, further populate and maintain the record.

Partners (LP example)

Select the Partners icon to view a summary list of all General Partners and Limited Partners.

Note

All appointments to a Partnership will be actioned immediately.

Assign Partners to an LP

To capture the required partnership information, General Partners and Limited Partners need to be assigned to the LP. Assigning General and Limited Partner(s) to the Partnership ensures that corporate relationships are established, and that these relationships can be correctly displayed in a Group Structure.

Assign a General Partner

To assign an existing Diligent Entities entity (a company, individual, partnership, or other entity) as a General Partner of the LP:

Navigate to the required Partnership record and open it.

The Partnership Details record displays.

Select the Partners icon.

The Partners screen displays.

Select the Add Partner.
The Add Partner wizard opens.

Note

Asterisks indicate mandatory fields.

Use the fields provided to conduct a search and select the entity designated as General Partner.

Enter the date on which the General Partner was appointed, into the Event Date field. Select their job title from the dropdown menu beneath (if required).

Ensure that the correct partnership type is displayed in the Position section, then select the checkbox against the General Partner listing.

Select the Next.

The Action screen displays.

Note

This screen will only display if Signatory permissions have been enabled for your User Profile.

To add a Signatory for the documents and forms that will be generated, leave the options selected and select Next.

The Signatory screen will display, enabling the selection of a Signatory.

Select Next to proceed to the Documents screen.
To proceed with the assignment of the General Partner without adding a Signatory to the process, deselect the Select signatory for documents and forms checkbox before selecting Next.

The event is validated and all records are immediately updated.

Select the Next.

The Finish screen displays.

Select Finish to complete the process and close the wizard.

Assign a Limited Partner

To assign a Limited Partner to an LP, follow the same process as for assigning a General Partner, remembering to indicate that they are a Limited Partner in the Positions section.

Edit Partner Details for an LP

It may be necessary to amend the details of a specific Partner to maintain accurate records. A menu linked to each Partner record of the LP provides access to three editing functions:

Edit Partner

Remove Partner

Edit Capital Contribution

To locate the menu:

Navigate to the Partners.
Locate the relevant Partner and select the menu button against their listing.

The related edit menu displays.

We'll take a look at each option in the following sections.

Edit Partner

Selecting the Edit Partner option from the menu will open the Edit Partner History wizard. The Edit Partner History wizard is used to amend the partnership joining date of the selected partner (if required).

Change the date (if required), then select the Finish.

The wizard closes.

The Event Date is updated for the selected Partner.

The change is captured in the Audit Trail.

Remove Partner

To Remove a Partner from an LP:

Select the Remove Partner option from the Edit menu.

The Remove wizard opens.

Ensure that the correct Partner Name and QuickRef are displayed before selecting Next.

The Date and Position screen displays.

Enter the cessation date of the Partner into the Event Date field. The Partner Type in the Position field should automatically be selected.
Select Next.

The Action screen displays.

Select Next to validate the event and immediately update all records.

The Finish screen displays.

Select the Finish.

The wizard closes.

The Partner listing is updated to record that the selected Partner has ceased to be associated with the LP.

Record Capital contributions (LP or CP)

To record or update a Partner's capital contribution for a Partnership (an LP has been used for this example):

Select the Edit Capital Contribution option from the Edit menu.

The Edit Capital Contribution wizard opens.

Either by entering the figures directly into the field or by using the calculator tool:

In the Capital Contribution field, enter the amount that the selected Partner has contributed to the Partnership.
In the Capital Commitment field, enter the overall amount that the selected Partner has agreed to contribute for the duration of the Partnership If applicable).
Select Finish.

The wizard closes.

The Capital Contribution and Capital Commitment fields for the selected Partner are updated.

For Corporate Partnerships, UK Limited Liability Partnerships (LLPs) for example, the fields displayed on the Edit Capital Contribution wizard screen will differ to allow the particular interests of Members/Partners of CPs to be recorded.

Select the Update History checkbox if an 'as at' time/date stamp is to be recorded against the amounts entered. When a Group Structure is generated, the change in figures will display with the recorded time/date stamp.

Use the remaining fields provided to enter the required date, amount, or percentage information.

Note

Hovering over the Economic Interest (%) information icon will trigger an information message to display, explaining its use.

Select the Finish.

Partnerships in modernized Entities

The modernized Entities experience provides you with a streamlined table in the Entities > Partnerships section, from which you can view and analyze partnerships.

Note

You can view this information in modernized Entities and in classic Entities. To make changes to the data, use classic Entities. For more information about the two Entities experiences, see Modernized Entities.

Each column in the table includes options to autosize the current column, autosize all columns, or reset column widths to default.

Note

On the modernized Entities listing pages, historical records are hidden by default to match the classic version, which displays only active or current items.

View partnership information in modernized Entities

To view partnerships in the modernized Entities, navigate to Entities and select Partnerships. Use the following options to find the companies:

Search Directly search information about the partnership.
Columns Using this option, you can customize the look of the table. For more information, refer to Columns.
Sorting or ordering Use multicolumn sorting on the Partnerships page to organize results by multiple fields in a defined priority order. Sort by any supported column, then press Shift and select additional columns to add secondary or tertiary sort levels. You can add as many sort columns as you need. For more information, refer to Sorting or ordering table columns.

For more information on the details page, see Partnership details in modernized Entities.