Many small businesses and investment vehicles are structured with partners. Technically, a business partnership is created when two or more individuals come together for a specific business purpose.

Selecting the right business structure is a critical decision for any entrepreneur, as your choice impacts ownership, liability, and how you operate. Limited partnerships are a popular option because ...

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, ...

Posts about limited partnerships on this blog are far eclipsed by discussions on just about any other form of business entity because, as we’ve noted in the past, limited partnerships are generally on ...

In today’s litigious society, safeguarding your wealth has never been more important. For high-net-worth individuals, business owners and anyone with substantial assets, protecting those assets from ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

Key Takeaways A master limited partnership (MLP) is a company organized as a publicly traded partnership (PTP). MLPs combine a private partnership’s tax advantages with a stock’s liquidity. MLPs have ...

What does the phrase “limited partner, as such” mean? There is no statute or regulation that defines the term. The tax code ...

On January 16, 2026, in Sirius Solutions v. Commissioner, the U.S. Court of Appeals for the Fifth Circuit held that limited ...