A limited liability company (LLC) grows from an initial investment made by each owner or member of the LLC. This seed money is called capital, and it's used to cover the first few months of business ...

With the partnership business structure, the company files a Form 1065 tax return for the business, but the individual partners claim business profits and losses on their individual tax returns. Each ...

The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances. As it explained in the notices and news release, the ...

If it hasn't happened to you already, it will. You land a new client, a partnership. You've decided to do your due diligence for a change, and actually, you know...read the partnership agreement.