How to Set Up a Limited Partnership for Real Estate?

Answer Real estate investing is risky, entails high operational costs and carries the potential for huge losses. One way of gathering capital and hedging risk is to create a limited partnership to hold bu... Read More »

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The Domestication of a Foreign Limited Partnership Into a Florida Limited Partnership?

A foreign limited partnership desiring to become a domestic limited partnership in Florida has to meet specific legal requirements and file domestication documents with the Florida Secretary of Sta... Read More »

Are real estate rental losses deductible for an LLC partnership?

According to the IRS, a limited liability corporation (LLC), formed under state law, which elects to be taxed as a partnership must file Form 1065 (U.S. Partnership Return of Income). A partner wh... Read More »

What is the difference between a limited liability corporation&a limited liability partnership?

A limited liability partnership (LLP) and a limited liability company (LLC) contain elements of a general partnership combined with liability protection for the business owners. In states like Cali... Read More »

How to Sell a Limited Partnership?

A limited partnership is a group of individuals, companies or a mixture of both that do business together and share profits and losses. A limited partnership is created by filing with state authori... Read More »