Are you going to run a business with multiple partners? Then know the tax consequences!
Yes. There are several big benefits of forming a partnership.
For example, your share of gains, deductions, losses, and credits can be passed through to your personal return.
But…there are dangerous pitfalls too, which can hurt you badly.
I’ll explain both sides of the coin, when you read my new April article titled Partnerships with Multiple Partners: Tax Pros and Cons.
Three ways our fact-filled article can help you:
- You’ll learn how to make smart decisions. For example, a multi-member LLC, treated as a partnership for income tax purposes, may be the best choice for businesses with several owners. I’ll tell you why, and more, when you READ the full article.
- I’ll tell you the advantage of an S corporation. It can be a great way to get pass-through taxation and cut your exposure to the self-employment tax, but it lacks some important elements available to the partnership. You’ll get the whole story when you READ the full article.
- I’ll tell you how to avoid painful complications. Appling the relevant IRS rules, shouldn’t be a do-it-yourself project. My advice? Get professional assistance right from the get-go. I’ll tell you why when you READ the full article.
Want to get all the details about this important subject?
It’s easy. All you have to do is…
CLICK HERE to get my complete article.
Partnerships with Multiple Partners:
Tax Pros and Cons
