This is a complete resource covering all the information and practical tips needed to guide clients in forming and operating partnerships.
This handbook presents detailed analysis of partnerships, including the most recent information and a wealth of practical tips on formation of general and limited partnerships, limited liability partnerships, family limited partnerships, partnership agreements, and statutory dissociation and winding up. It also contains a discussion of the Uniform Limited Partnership Act (2001), a discussion of the Uniform Partnership Act (1997), an analysis of cases in which the IRS has attacked family limited partnerships, extensive sample partnership agreements, and other valuable forms and sample language for use in your practice.
Chapter 1 — Formation of General and Limited Partnerships in Illinois and Income Tax Aspects
John B. Waters, Roetzel & Andress, Chicago
Chapter 2 — Partnership Agreements
John B. Waters, Roetzel & Andress, Chicago
Chapter 3 — Statutory Dissociation and Winding Up
James W. Dodge, Executive Director, Legislative Reference Bureau, Springfield
Chapter 4 — Limited Liability Partnerships
James W. Dodge, Executive Director, Legislative Reference Bureau, Springfield
Chapter 5 — Family Limited Partnerships
Kirk A. Hoopingarner, Quarles & Brady LLP, Chicago
