Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
March 2017


Word Count:
894

 

 

Create a Business Partnership Tax-Free


In Incorporate Your Business Tax-Free? Avoid Three Problems, you learned how to generally incorporate your new or existing business tax-free.

 

You also get similar tax-free treatment for partnerships if you

 

·

form a new business as a partnership,

·

convert a proprietorship to a partnership by bringing in business partners, or

·

bring in an additional partner to an existing partnership.

 

Not only are the rules under Section 721 of the tax code for partnership formations simpler than those for corporations,1 but they also make it easier to qualify for tax-free treatment and more difficult to owe taxes on the transfer. ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS