Recent Articles

Limited Partnership

A type of partnership where one of the partners is limited (restricted) in the management affairs of the business. Only the general partner(s) can operate and manage the business.

Forms of Business Ownership

01/04/2017

When an entrepreneur starts out on his long journey of building a legacy with his business; he almost immediately focuses on the legal status of his business.   His thoughts include:  ‘Should I become a limited liability company or an [...]

Real Estate Syndication

01/22/2015

Have you ever wondered how apartment or office complexes are financed?  A typical complex will have 80 to 100 units and the cost of construction will approximate $7,000,000.  So where does this money come from?  Your average person will think it [...]

Phantom Income

10/27/2014

Those small businesses using partnership or S-Corporation formats issue Form K-1 to the respective owners.  When income is assigned to the owner and there is no corresponding cash related to that income, then this income is referred to as [...]

Syndication

08/12/2014

Syndication refers to a group of individuals or business entities working together to achieve a set goal(s).  In business, the goals vary.  The most common goal is to acquire capital and use the combined power of the group in exercising that [...]

Partnership Agreements – Terminology

01/22/2014

Each of us has our own built in dictionary for terms we hear in our business lives.  I find it fascinating that the standard business term ‘Equity’ is interpreted differently within the business world.  I often interpret the term using the [...]

Partnership Agreements – An Introduction

01/09/2014

There is a tremendous amount of information to convey to fully understand partnership agreements.  This is the first in a series of articles related to partnership agreements.  Throughout this series I will explain the various sections and issues [...]