Two Arizona limited partnerships holding rental properties were to be treated as partnerships rather than corporations under the two-step approach of CRA to entity classification. Although they had separate legal personality, that by itself did not preclude them from being classified as partnerships. On the other hand, they had various attributes of common law partnerships including importantly, that the general partner had unlimited liability.
Topics and taglines
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
955985
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
955986
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