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What else can I help you with?
Can a trust be a partner within a partnership?
yep trust is the main thing in your relationship
Can an LLC be a partner in another LLC?
Yes, an LLC can be a partner in another LLC. This is known as a multi-member LLC structure, where one LLC is a member or partner in another LLC.
What are the key differences between a domestic limited partnership and an LLC?
A key difference between a domestic limited partnership and an LLC is the structure of ownership and management. In a limited partnership, there must be at least one general partner who has unlimited liability for the business's debts and obligations, while limited partners have limited liability. In an LLC, all members have limited liability, and they can choose to manage the business themselves or appoint managers.
What partnership requires only one partner to be a general partner?
A partnership that requires only one partner to be a general partner is called a limited partnership. This is a form of partnership.
Can an L.L.C. have vice presidents?
LLC is usually a partnership, and each individual is a partner. President, vice president positions are meant for the officers of full corporations.
Does an LLC partnership receive a 1099 form?
Yes, an LLC partnership may receive a 1099 form if it receives income that needs to be reported to the IRS.
What does the LLC stand for in Indiana LLC?
The LLC in Indiana LLC stands for "Limited Liability Company". LLC companies blend corporate structure with partnership qualities.
Can a partnership be a member in a S-Corp?
Members of a partnership. First member is sole owner llc, 2nd member is an S-Corp owned by the same person that owns the llc. Will this meet the requirements of a partnership?
Does a partnership LLC receive a 1099 form?
Yes, a partnership LLC may receive a 1099 form if it receives certain types of income that require reporting to the IRS.
Can a partnership issue stock?
That depends on the type of partnership. If it's a corporation then yes. If it's an LLC then no.
How do you relinquish a partnership if the partner does not buy you out?
Withdraw as a partner. The partnership agreement should address this issue.
What is a principal partner in a partnership?
he is the sole propritor of a partnership
