Partnership Help Guides

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......

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......

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......

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......

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......

All Partnerships Have Advantages and Disadvantages Business partnerships can take several different forms and there are advantages and disadvantages to each one that must be understood before entering into any partnership agreement. Most......

Starting a small business is one of the most challenging individual endeavors a person can undertake. It is basically putting yourself and your future on the line and gambling that you and your business idea are valuable enough to provide you......

Choosing the Proper Business Structure The basic foundation of business is to establish a product or service that consumers want and then structure a group of people into an organization that meets that demand in the most profitable manner......

What Is a "Silent Partner"? Many business savvy individuals have considered the thought of becoming a silent partner at one point or another in their careers. The thought of investing in a lucrative business and sharing in the profits without......