XYZ Limited Partnership has more than 300 partners and is publicly traded XYZ was grandfathered under the 1987 Tax Act and has consistently been treated as a partnership In the current year, XYZ will continue to be very profitable and will continue to pay out about 30 of its income to its owners ea...

What method should XYZ Limited Partnership choose to use to operate under the publicly traded partne ...

XYZ Limited Partnership has more than 300 partners and is publicly traded. XYZ was grandfathered under the

Question:

XYZ Limited has more than 300 partners and is publicly traded. XYZ was grandfathered under the 1987 Tax Act and has consistently been treated as a In the current year, XYZ will continue to be very profitable and will continue to pay out about 30% of its income to its owners each year. The managing partners of XYZ want to consider the firm’s options for taxation in the current and later years.
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...