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Partnership Help Guides

How Taxes Affect a Partnership
For many small businesses, one of the most complicated and stressful aspects of the operations process is the act of calculating and paying business taxes. This process can become overwhelming when business owners consider employee withholding......
What Is Your Liability In a Partnership?
Partnerships are an excellent vehicle for individuals with a certain skill set to become a business owner without having to go it alone and risk all of their own assets in the process. Partnerships can also be a lucrative investment platform......
How to Sell Your Business
Regardless of the type of business a person or group of individuals has, there are times during the course of the life of that business where the owner or owners might need to discuss placing the business up for sale. Whether the business is a......
How to Set Up Your Business
Many people operate a small business out of their home or operate as a self-employed individual and never take the opportunity to establish themselves as a formal business entity. While this is not an issue with smaller or part-time......
Should You Change Your Business Structure?
Two of the most common business structures that people utilize when first forming their own business is a sole proprietorship or some form of partnership. While these two common business structures are well-suited to startup businesses as well......
Special Allocations for Partnerships
A special allocation is a financial arrangement that is set up in a partnership or LLC that restructures the manner in which profits and losses are distributed to the owners or partners in a way that does not correspond to their actual......
Partnership or LLC? What You Need to Know
The most basic aspect of creating a business is to determine which product or service the business will produce and market. Once that has been determined, the next critical step in the process is to......
Limited Liability Partnership
Difference between a Limited Liability and a General Partnership A limited liability partnership (LLP) differs from a general partnership in several ways, and can have significant advantages in the right situation. A general partnership allows......
The Various Roles within a Partnership
What Is a Partnership? Partnerships are business structures that differ in several ways from corporations and sole proprietorships. Their organizational structure can be more difficult to formulate as a result. A corporation has a definitive......
General Partnerships: How Much of Your Personal Assets to Invest
There are several ways for a person to invest in a partnership, and whether it be a business that is just forming or one that is already established, the decision on exactly what to invest and how much can be critical to the investor's......