In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Dr. JeFreda R. Brown is a financial consultant, Certified ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

A partnership is an agreement between two or more companies or individuals to jointly own and operate a business. Partners share managerial duties and the profit and losses of the company. A limited ...

How to Account for Consolidation of Limited Partnership. The consolidation process allows you to combine the separate financial reports of the entities that your parent company controls. In the ...

The U.S. Court of Appeals for the Fifth Circuit issued a pivotal decision in Sirius Solutions, L.L.L.P. v. Commissioner on January 16, 2026, ...

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 ...

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Learn about internal claims—legal demands against a company's assets, not the owners'. Explore how they work, their benefits, ...

In Gavin/Solmonese LLC, Liquidation Trustee for the Citadel Creditors’ Grantor Trust, successor to Citadel Watford City Disposal Partners, L.P., et al. v. Citadel ...

The Court of Federal Claims recently ruled that an interest in a Texas limited liability company (LLC) was not a limited partnership interest held as a limited partner for purposes of the passive loss ...

A limited liability limited partnership is a hybrid of various business entities. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...