Business Administration

Tag: Limited Partner

  • Partnership Agreements – Managing, General and Limited Partners

    Partnership Agreements – Managing, General and Limited Partners

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    by

    David J Hoare MSA
    in

    Every partnership consists of at least two or more partners. In many partnerships, there are dozens of partners. Each partner is classed into a particular group. There are Limited Partners, General (sometimes referred to as Operating) Partners and of course somebody who is in charge – the Managing Partner. Each of these classes of partners has…

  • At-Risk Rules – An Elementary Understanding

    At-Risk Rules – An Elementary Understanding

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    by

    David J Hoare MSA
    in

    Code Section 465 of the Internal Revenue Code defines ‘At-Risk’ as the financial value the taxpayer has in jeopardy related to the business activity the taxpayer is invested in as some form of an owner. Effectively, the taxpayer may only take losses on his tax return contingent on the loss being directly tied to invested dollars…

  • Partnership Agreements – Terminology

    Partnership Agreements – Terminology

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    by

    David J Hoare MSA
    in

    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 Internal Revenue Service definition because my background is in taxation. Lawyers use this term to mean ownership…

  • Partnership Agreements – An Introduction

    Partnership Agreements – An Introduction

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    by

    David J Hoare MSA
    in

    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 a small business owner faces in creating a sound and fair agreement with a single or multiple partners.