For the most recent year available, what types of partnerships are most commonly used in various industries? Consider general and limited partnerships and LLCs; disregard LLPs and foreign partnerships. Which types of industries/partnerships account for the largest numbers of partners? Profits (or losses)? Why do you think these results might arise?
Use the partnership information “by entity type” at irs.gov/taxstats to help you discover this data. For each situation, evaluate the industry total compared to “All Industries.” Consider only “main categories.” For example, consider “Finance and insurance” and “Real estate and rental and leasing” rather than subcategories such as “Securities and commodity contracts” or “Lessors of residential buildings and dwellings.”
In an e-mail to your instructor, describe your results. Support your findings with pie charts, line charts, and/or “stacked” area charts.