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 ...

A Step-by-Step Guide with Practical Insights and Challenges” A partnership firm is a business structure created by two or ...

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 ...

Not only is it a formality, but looking at the financial situation of a potential partner also helps protect your business ... alliance, the structure of the partnership determines tax liabilities ...

Understanding Master Limited Partnerships (MLPs) The MLP is a hybrid legal entity that combines elements of two business structures—a partnership and a corporation. It is considered to be the ...

When first cousins Peter Guidi, 60, and JJ Mokarzel, 62, decided to launch a bourbon company, Joe Louis Spirits, in Old Orchard Beach, Maine, they each drew from experiences with prior ...

Replacing their partnership structures with a corporate one would be a giant leap forward. It would turbocharge the legal function’s integration with business and elevate its impact on customers.

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 ...