Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes ...

Learn about general partners, their roles in management, examples of their work scope, and the benefits and liabilities in a partnership.

In today’s litigious society, safeguarding your wealth has never been more important. For high-net-worth individuals, business owners and anyone with substantial assets, protecting those assets from ...

The Tax Court, consistent with past cases, applied a functional analysis of a limited partnership’s individual partners’ roles and responsibilities to find they could not apply Sec. 1402(a)(13)’s ...