Alison and her cousin Alec are both CPAs and have been in business together as partners for ten years. Now that they are successful-with the families and personal assets to prove it-they are concerned about being held personally liable for the partnership's obligations. How can they address those concerns?

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter2: The Deduction For ­qualified Business Income For Pass-through Entities
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5. Alison and her cousin Alec are both CPAs and have been in business together as partners for ten years. Now that they are successful-with the families and personal assets to prove it-they are concerned about being held personally liable for the partnership's obligations. How can they address those concerns?

 

 

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