Abstract
I. Introduction
II. Why Formalize the Partnership Agreement?
III. The Partnership Agreement: A Suggested Format … A. Preliminary Considerations … B. Capital Contributions … 1. What Property Should be Transferred to the Partnership? … a. Non-tax Considerations … b. Tax Considerations … 2. Formalizing the Existing Partnership-Property Ownership … a. Real Property … b. Personal Property … 3. Tax Savings … a. "Capital Interest in a Partnership" … b. "Material Income Producing Factor" … c. Other Considerations … d. General Suggestions … C. Operation … 1. Management … 2. Partners' Powers and Limitations … 3. Distribution of Profits and Losses … 4. Allocations for Tax Purposes … 5. Capital Accounts … D. Dissolution and Termination
IV. Conclusion
Recommended Citation
C. Allen Bock,
Formalizing the Farm Partnership,
54 Neb. L. Rev. 558
(1975)
Available at: https://digitalcommons.unl.edu/nlr/vol54/iss3/4