Choice of entity: benefits of a partnership.
The Tax Adviser › Vol. 41 Nbr. 4, April 2010
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Choice of entity: benefits of a partnership.
When starting a new business one of the first questions an entrepreneur asks is, "What type of entity should I use?" This question is not one that should be taken lightly, nor is there a one-size-fits-all answer. There should be a great deal of discussion with the client and his or her attorney about the business operations, who the owners are today, who might participate in the ownership tomorrow, how the business will be financed, liabilities associated with...
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