corporation and partnership agreement - Posted by Steve

Posted by Steve on October 06, 2006 at 09:48:03:

I have already said the same to him and was waiting on a followup meeting this Monday with the partner. I just wanted to have actual information on possible issue to relate back.

corporation and partnership agreement - Posted by Steve

Posted by Steve on October 05, 2006 at 22:52:29:

If a rehabber incorporated but then forms a partnership with a money guy, basically just a written agreement on how the rehabs and profits would work.

  1. Can the partnership & corp use the same name?
  2. Are there any issues at tax time especially if the non corp parner buys the properties in his name?
  3. Can the corporation still handle the tax filing and give him a 1099 by considering the partnership a subsidiary of the corporation?

Re: corporation and partnership agreement - Posted by John K Haslach, CPA, MST

Posted by John K Haslach, CPA, MST on October 06, 2006 at 08:07:17:

You should sit down w a knowledgeable CPA and get this straightened out. Don’t be penny wise and pound foolish.