How to account for a business actvity
RECENT ARTICLES
Types of Partnerships – Explained
General, Limited, and Limied Liability Partnerships
At-Will Partnerships – Explained
Partnerships with No Specific Time Period
Tort Liability of Partners – Explained
No Personal Liability Protections
Partner Responsibilities to the Partnership – Explained
What are the Duties of Partners
How are Partner’s Compensated – Explained
How Partners Earn Money in a Partnership
Limited Liability Limited Partnership – Explained
What is a limited liability limited partnership?This is a very special entity form recognized in a few states. It exists primarily to offer a unique entity form to certain financial and real estate investments. Basically, it takes the limited liability partnership and...
Funding the Partnership – Explained
What are the considerations?
Partnership Agreement – Explained
What are the key provisions?
LLC Compensation – Explained
How Members are Compensated