When Partners Pay Expenses Related to the Business By: David M. Reape It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm. […]
Tax Considerations When Adding a New Partner to Your Business By: Brian Palisin Adding a new partner to a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new partner will […]
