Fifth Circuit Pushes Back On IRS Attempt To Redefine Limited Partner

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, ...
JD Supra

Fifth Circuit Rejects ‘Passive Investor’ Test for Limited Partner Exception to Self-Employment Tax

On January 16, 2026, the US Court of Appeals for the Fifth Circuit became the first federal appellate court to interpret the ...
JD Supra

“Limited Partner”? The Exclusion of Net Earnings from Self-Employment

Last week, the federal Court of Appeals for the Fifth Circuit ruled that the U.S. Tax Court had misinterpreted the Code’s self-employment tax rules ...

MLP vs. LP: Key Differences and Tax Benefits Explained

Discover how MLPs differ from LPs in terms of business ownership, public trading, and tax advantages. Learn which structure provides better returns and liability protection.
The Business Journals

3 ways limited liability could impact Colorado businesses

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Limited liability is “a basic and fundamental rule of ...