All of the Big 4 accounting firms changed their ownership form from a general partnership to a

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All of the Big 4 accounting firms changed their ownership form from a general partnership to a limited liability partnership. Discuss the legal and tax ramifications of this modification of ownership form.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Sep 09, 2015 07:03 AM

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All of the Big 4 accounting firms changed their ownership form from a general partnership to a

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The motivation for the change in legal form is to limit liability Under the general partn...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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