It’s a common scenario. A client or non-tax attorney says: “We’ve put together a new LLC/partnership agreement. It should be fine because we’ve used this same agreement on all of our deals. We just ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Federal tax law treats partnerships as conduits for tax ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A partnership agreement (or operating agreement, in the ...