Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

And not all PTPs are MLPs; some could be publicly traded limited liability companies (LLC) that have decided to be taxed as a partnership. Just as with ordinary shares, when investors sell shares ...

As of January 1, 2025, new reporting requirements and annual filings under Pennsylvania Act 122 of 2022 have become effective ...

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 ...

Farm owners and operators have five main business entities to select from. They include sole proprietorship, general partnerships, limited liability partnerships, ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...