Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a general partnership whose partners consists of natural persons and one general partnership a taxable entity?

0
Posted

Is a general partnership whose partners consists of natural persons and one general partnership a taxable entity?

0

Yes, a general partnership must be composed directly and entirely of natural persons to be a non-taxable entity. TTC 171.0002(b)(2).

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123