partnership becoming a disregarded entity

[acctnt2020]

What happens when a partner sells his share to other partner? All the assets are staying with the other partner.

[George4Tacks]

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[abctax55]

A partnership, by definition, is "more than one".   Ergo, you no longer HAVE a partnership.

[abctax55]

AND, depending on timing.... you may have a delinquent filing (penalty of $ ~ 195/month X number of partners).

Ya' might want to seek some professional guidance on this,

[George4Tacks]

Ergo? Don't they make waffles?

[BobKamman]

er·go·nom·ics

/ˌərɡəˈnämiks/

noun

the study of people's efficiency in their working environment.

"My ergonomics are deplorable, I spend too much time on message boards."