Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the ...

As the business grows, it can become complicated and outgrow the partnership structure. The LLC, which stands for Limited Liability Company, is one of the most common small business structures. A sole ...

The simplest business structure is the sole proprietorship (when there’s only one owner) or general partnership (when there are two or more owners). If you never formally set up a business with ...

Limited partnership business structures must adhere to specific legal requirements but other types of partnerships can create their own provisions. Real estate investment portfolios are one common ...

Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations ...

Alok Patnia founded Taxmantra.com, an expert in tax advisory & compliance. He is a Chartered Accountant having prior exposure with Ernst & Young & KPMG. Starting your own business? One of the ...

The two most common are general and limited partnerships. A business organization that serves some public purpose and therefore enjoys special treatment under the law. Nonprofit corporations ...

KPMG bosses are demanding dozens of mergers among the national partnerships that make up the global accounting firm in a move they hope will boost growth and prevent audit scandals, according to ...

We began this structure with a client about 25 years ... have no right to participate in the management of the limited partnership business. This ensures that the parents or general partners ...