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Drafting Partnership Agreements: Ensuring You Get the Returns You Bargained For

PIP (partners' interests in the partnership) allocations are very commonly used in partnership agreements. For this reason, Investors and managers should understand the basics of PIP allocations and whether and when they...more

Forming a Partnership/LLC: A Checklist for Avoiding Pitfalls

Forming a partnership1 without triggering income appears straightforward and simple. In many cases, it is. In other cases, though, forming a partnership can cause one or more partners to unintentionally recognize income. This...more

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