Choosing the right business structure is critical for the operation of a business. General and limited partnerships are ...

Preventing unwanted tax consequences from compensatory partnership interests requires understanding Regs. Sec. 1.721-1(b)(2) ...

Limited partners are only at as much risk as the capital they put into the partnership whereas general partners may face unlimited liability. So if liability is a concern in your business venture ...

Initially, the parents will hold the general partnership interests, say 2%. As general partners, the parents maintain virtually full control of the business. A limited partner’s right to vote is ...

General partners are designated as the managers of a business and can also contribute to the overall capital pool. General partners and limited partners are commonly found in partnerships ...

A timeline of how Scottish Limited Partnerships, created in 1907, have become attractive vehicles for secrecy, fraud, and ...

If two or more people want to own a business together, they can form a partnership. Partnerships come in two basic types: limited partnerships (LPs) and limited liability partnerships (LLPs).

A form of business organization with the liability ... The LLC also carries significant tax advantages over the limited partnership. For instance, unless the partner in a limited partnership ...

In a general partnership, all partners share equal responsibility for managing the business and are personally liable for its debts. Limited partnerships (LPs): Limited partnerships consist of ...

The primary procedural requirement for establishing a general partnership is obtaining a Business Registration Certificate. In a limited partnership, at least one general partner must manage the ...