Real estate partnership, investment partnership and regular old business partnership returns done for you. Changes in ownership, different allocation percentages for different items, none of these are a problem as long as the partnership agreement calls for them. Out of state partners? No problem.
Although more states are adopting a method of withholding from distributions for out of state partners once it is set up it’s easy and costs the partnership nothing but the time to write the check. Out of state partners don’t love it but that’s not the partnerships’ problem. The general partner has a fiduciary responsibility to all the partners to manage the entities money in such a way that penalties and interest are avoided.
Quotes on fees based on most recent years returns and condition of information presented.
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