Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Taxation

Journal

Washington Law Review

1952

Articles 1 - 1 of 1

Full-Text Articles in Business

Taxation—Limited Partnership—Taxable As A Partnership Or As A Corporation, Roy J. Moceri Aug 1952

Taxation—Limited Partnership—Taxable As A Partnership Or As A Corporation, Roy J. Moceri

Washington Law Review

A, B and C, brothers, having for years operated their business as a general partnership and later as a corporation, formed a limited partnership under the Washington Limited Partnership Act of 1869, RCW 25.12.010 et seq. [RRS § 9966 et seq.], with themselves as general partners and their ten adult children as the limited partners. The articles of co-partnership provided: the management was to be vested in the general partners; upon the death or retirement of a general or limited partner, the remaining general partners were to have the right to continue the business; the interest of a limited partner …