PIP (partners' interests in the partnership) allocations are very commonly used in partnership agreements. 1 For this reason, Investors and managers should understand the basics of PIP allocations and ...

Private practices in the health care industry, including those owned by physicians, dentists, and other health care professionals, operate in a unique and highly regulated environment. In such an ...

Determining whether two organizations can work well together takes more than excitement about the opportunity or early ...

Opinion: Texas LLC and partnership agreements can no longer rely on background legal norms to police discretion or fill gaps.

It’s a common scenario. A client or non-tax attorney says: “We’ve put together a new LLC/partnership agreement. It should be fine because we’ve used this same agreement on all of our deals. We just ...