Liquidation is the process of settling all business liabilities and valuing and disposing of a business's assets. When your company is organized as a partnership, liquidation involves state law and ...

A partnership starts with an agreement between two or more people who want to go into business together. When a partnership ends, the partners begin a complicated process of fulfilling financial ...

Over the last couple of months, I’ve encountered several situations involving the liquidation of a partner’s interest in a partnership. Years before, the partnership had borrowed money from a third ...

If the amount realized by a taxpayer upon the sale of a partnership interest to a third party is insufficient to restore to the taxpayer his adjusted basis for the interest – i.e., his unrecovered ...

We've gone a stretch without a Tax Geek Tuesday, and the world is a worse place because of it. So let's do something about that, shall we? Ideas for a TGT are hard to come by. They need to be ...

Most valuation experts use data from the syndicated limited partnership (SLP) market to determine applicable valuations for family limited partnerships (FLPs) that hold real estate. However, in the ...