Business Entities – Estate Planning Series

Basics of Partnerships

Mike Weaver Headshot

Guest: Mike Weaver

Mike is a Managing Member at Vandenack Weaver Truhlsen

April 4, 2023

Did you know that partnerships can be made up of individuals, corporations, other partnerships, LLC’s, trusts or other legal entities?  Tune in to today’s episode of Legal Visionaries when our host Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen, and Mike Weaver, one of her partners at Vandenack Weaver Truhlsen, discuss the basics of a partnership, including the types of partnerships, the difference between a legal entity and taxation of an entity, how partnerships are taxed, the meaning of preferred interest, and much more.