Herbert Smith Freehills and Kramer Levin eschewed the model for their upcoming tie-up. So did A&O Shearman earlier this year.

And not all PTPs are MLPs; some could be publicly traded limited liability companies (LLC) that have decided to be taxed as a partnership. Just as with ordinary shares, when investors sell shares ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...

The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the ...

The National Financial Reporting Authority (NFRA) on Monday said it has decided to recommend various auditing standards for Limited Liability Partnerships (LLPs). The 40 Standards of Auditing (SAs) ...

The NFRA has recommended various auditing standards for Limited Liability Partnerships, ensuring compliance with quality ...