Posts Tagged ‘limited partnership’

Are all partners responsible for the tax debt of a partnership?

  • October 5th, 2021
  • David Greene
  • Comments Off on Are all partners responsible for the tax debt of a partnership?

The rule is that, in a general partnership, every partner is liable for all debts of the partnership.  If you wanted to be shielded from liability, the partnership should have been set up as a limited partnership with a general…

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