Partnerships: Formation
The formation of a partnership involves the process by which two or more individuals or entities come together to establish a business entity that operates for profit, where they agree to share in the profits, losses, expenses, and management, and formalize the terms and conditions of their relationship in a partnership agreement.
Lesson Videos
Partnerships: Formation Overview
Introduction to Partnerships: Formation
Partnership Stages
Types of Partners
Capital Account/Basis Calculation
Formation of a Partnership
Interest in a Partnership
Outside vs. Inside Basis
Partnership Liabilities
Built-in Gains Tax
Holding Period of Assets
Negative Partner Basis
Partnership Tax Return
Termination of a Partnership
Guaranteed Payments
Organizational and Start-up Expenses
Examples of Partnership Questions
Partnerships: Formation Summary
Partnerships: Formation - Practice Questions
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