Who Are the Parties in a Limited Partnership? By: Barry E. Haimo, Esq. November 1, 2021 So you’ve decided that your new business venture will take the form of a limited partnership (LP). You want passive income, protection of your assets, and flexibility for all of...
By: Barry E. Haimo, Esq. November 17, 2017 New Partnership Audit Rules: Amend Your Partnership Agreements Now The audit rules relating to partnerships undergo an important change starting January 1, 2018. It does not apply to all partnerships. However,...
By: Barry E. Haimo, Esq. October 27, 2016 Why Should You Form a Limited Partnership? If you are thinking about starting a partnership, you generally have two options: a general partnership and a limited partnership. General partnerships allow two or more partners to...
By: Barry E. Haimo, Esq. May 3, 2016 What Is a Limited Partnership? A limited partnership (LP) by definition is a form of ownership that can protect limited partners from financial or legal liability. In a limited partnership, you have a partnership consisting of a...
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