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