Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...

For those keeping score at home, it’s currently two wins for the IRS in as many years, and nada/zilch/zero for the fund managers, at least when ...

Reviewed by Chip StapletonFact checked by Suzanne KvilhaugA master limited partnership (MLP) is an unusual investment that combines the tax benefits of a limited partnership (LP) with the liquidity of ...

All partnership entities ... limited partnerships or limited liability partnerships should review these rules and the ownership structures. If there is a desire to opt out of the new rules ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...

There are different types of partnership, such as general partnership, limited partnerships (LPs), and limited liability partnerships (LLPs). In a general partnership, partners are personally liab ...

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

A family limited liability company (LLC) protects the assets of a family business from creditors. An LLC offers the protection of a corporation with the tax structure of a partnership. A family ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...