At its very simplest, a partnership can be defined as a business entity that consists of two or more joint-owners that have come together to make a profit. These owners are collectively known as ...

A partnership begins when two or more people decide to start a business. Unlike a limited liability company and a corporation, there are no documents to file with the state to begin the legal ...

The Internal Revenue Service released an early draft Thursday of the instructions for Form 1065, U.S. Return of Partnership Income, with newly revised directions for how partnerships should report on ...

On Friday, January 31, 2020, the Supreme Court of Texas clarified the law of partnership formation in the closely watched case of Energy Transfer Partners, L.P. et al. v. Enterprise Products Partners, ...