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Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

The IRS wants to argue that the more involved a limited partners is in the day-to-day operations of a business, the more likely they should be subject to self-employment tax. What is a limited partner ...

As the name implies, a limited partner in a partnership is a partner, in contrast to a general partner, who has liability for partnership debts only to the extent of the limited partner's investment ...

Last week, the federal Court of Appeals for the Fifth Circuit ruled that the U.S. Tax Court had misinterpreted the Code’s self-employment tax rules as they apply to individuals who hold limited ...

The Tax Court recently ruled that a limited partner’s share of business income may be earnings from self-employment. 1 Earnings from self-employment are subject to the self-employment tax. Earnings ...

Welcome to the Special Meeting of Unitholders of Brookfield Business Partners L.P. Jaspreet Dehl, our Chief Financial Officer, has been appointed by the general partner of Brookfield Business Partners ...