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

A US-based private fund commonly uses either a Delaware limited partnership or a Delaware LLC as its legal entity. However, it's typical to see a nested structure in which the fund is a limited ...

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 ...

Potential difficulty in reaching agreements about selling or exiting the business. • As the business grows, it can become complicated and outgrow the partnership structure. The LLC, which stands for ...

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 ...

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 ...

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 ...