Our attorneys have extensive experience with issues affecting the formation, operation and dissolution of partnerships, both general and limited. They are frequently called upon to draft or review partnership agreements and related documents to ensure:

• compliance with the complex rules for special allocations of tax benefits;
  
• proper maintenance of capital accounts;
  
• proper treatment of appreciated or encumbered property contributed by or to partners; and
  
• the classification of partnership debt for purposes of the allocation provisions.