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The IRS wants to argue that the more involved a limited partners is in the day-to-day operations of a business, the more likely they should be subject to self-employment tax. What is a limited partner ...

Under Section 1402 of the Internal Revenue Code (“IRC”), individuals must pay a tax on net earnings from self-employment. IRC section 1402 defines “net earnings from self-employment” as the “gross ...

the "Incorporated Limited Partnership" ("ILP"), being incorporated as a body corporate with perpetual succession. Since the passing of the Limited Partnerships (Jersey) Law 1994 (the "Partnerships Law ...

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 ...

A master limited partnership (MLP) is an unusual investment that combines the tax benefits of a limited partnership (LP) with the liquidity of a common stock. It is organized as a publicly traded ...

While the accounting terminology differs from REITs, many of the same pitfalls arise when evaluating MLP payout ratios using standard net income figures. In today's article, we’ll use Enterprise ...

LLCs offer protection, flexibility, and tax benefits, providing various taxation options while protecting members from personal liability. Discover the pros and cons.