We currently have two individual applicants who are applying jointly for a business-purpose loan to purchase an investment property. This “partnership†(as the applicants call it) is nothing more than a verbal, “handshake†arrangement. There are no organizational documents, and nothing filed with the state. Would we consider the applicants as natural persons in this case, and collect/report DI? Or, is their informal partnership still considered an entity? If this factors into it, our state law would consider this a “General Partnership,†even though the partnership has no formal organizational documents. Thanks for your help!