Cozen O’Connor I Forming a Partnership/LLC: A Checklist for Avoiding Pitfalls

Forming a partnership 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 Alert identifies and describes common income triggering factors and events that can arise in forming a partnership. Aware of these factors and events, businesses and their managers can avoid unintended tax consequences. Read more. Compliments Cozen O’Connor