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

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 ...

Limited partners generally are not responsible for partnership debts; nonetheless, creditors often demand they guarantee them. When a limited partner who has guaranteed a debt wants to leave the ...

Historically, CPAs have dissuaded estate planning clients from funding family limited partnerships with personal use property, such as a primary or secondary residence. In the past the IRS has ...