In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, ...

The U.S. Court of Appeals for the Fifth Circuit issued a pivotal decision in Sirius Solutions, L.L.L.P. v. Commissioner on January 16, 2026, ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Dr. JeFreda R. Brown is a financial consultant, Certified ...

A partnership is an agreement between two or more companies or individuals to jointly own and operate a business. Partners share managerial duties and the profit and losses of the company. A limited ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

A seasoned small business and technology writer and educator with more than 20 years of experience, Shweta excels in demystifying complex tech tools and concepts for small businesses. Her work has ...

The Court of Federal Claims recently ruled that an interest in a Texas limited liability company (LLC) was not a limited partnership interest held as a limited partner for purposes of the passive loss ...

In Gavin/Solmonese LLC, Liquidation Trustee for the Citadel Creditors’ Grantor Trust, successor to Citadel Watford City Disposal Partners, L.P., et al. v. Citadel ...