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partnership becoming a disregarded entity

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Level 1

What happens when a partner sells his share to other partner? All the assets are staying with the other partner.

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Level 15

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ex-AllStar
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Level 15

A partnership, by definition, is "more than one".   Ergo, you no longer HAVE a partnership.

Former Chump... umm.... AllStar.
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Level 15

AND, depending on timing.... you may have a delinquent filing (penalty of $ ~ 195/month X number of partners).

Ya' might want to seek some professional guidance on this,

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
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Level 15
Ergo? Don't they make waffles?

ex-AllStar
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Level 11
er·go·nom·ics
/ˌərɡəˈnämiks/

noun

the study of people's efficiency in their working environment.

"My ergonomics are deplorable, I spend too much time on message boards."

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