363: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
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How to Do a Separate Partnership Tax Return
The three l l cs, hypothetically, this is option one, would each be owned 50 50 by the two s corps of each partner. Now they are separate businesses. Your ging to be keeping separate finances for it anyways. You'll have separate bank accounts. Begoing tobe, doing a separate partnership return on each of those that flows to each of your escorps,. 50 50 the profit and loss.
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