Question
When we choose a partnership as a tax entity, it has nontax consequences that are different from those that arise from choosing the corporate form.
When we choose a partnership as a tax entity, it has nontax consequences that are different from those that arise from choosing the corporate form.
Many things can cause a partnership to go sour, and many of them do not have a thing to do with taxes:
1) What are some of the more significant nontax consequences of choosing the partnership form?)
2) Which do you think is the most important? Why?
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