Assume that you work for a mid-sized chartered accountancy firm and have been asked to prepare handout material for clients that will be attending an in-house seminar where the focus will be on the choice of various entities from a tax perspective, namely Look Through Companies and Limited Partnerships. Specifically, you are requested to provide an outline of both types of entities, their tax characteristics, and when one structure may be preferable to the other from a tax perspective for clients.

REQUIRED: draft of the handout notes for this presentation addressing the matters you have been asked to cover.