Partnerships

A partnership is a business with more than one owner that has not filed papers with the state to become a corporation or LLC (limited liability company).

Both partnerships and their partners have tax responsibilities. Find out how partnership income is taxed, what a partner's fair share of taxes is, and what expenses you can deduct.

In partnerships, you may have duties of trust, known as fiduciary duties, depending upon the type of partnership and the nature of your role in that partnership.

Joint ventures and partnerships are common forms of legal structures used by business owners to combine resources, talents, or skills with another person or business.

Many new businesses with more than one owner may consider whether to operate as partnerships or Limited Liability Companies (LLCs). There are two types of partner

Spell out your rights and responsibilities in a written partnership agreement before you open for business. If you don't, your state's laws will control many aspects of your business.

You must carefully follow IRS rules if you want to divide profits and losses in a way that's disproportionate to the owners' interests in the business.

This is a guide to forming a partnership in the state of California.

Are there special rules for running partnerships? Are owners liable for business debts? Learn the answers to common questions about partnerships.

One of the most basic tasks when starting any small business is to set up a business bank account.

An analysis of the key risks and benefits of limited partnerships as to formation, management, legal liability, profit-sharing, and fiduciary duties.

Since the 1990s, a limited liability partnership (LLP) has become a popular form of business organization for many licensed professionals, such as lawyers, doctors, architects, dentists, and accoun

Here are the technical steps you should take to wind down your partnership.

What happens when a partner wants to leave a partnership is a critical but commonly overlooked issue.