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Limited partner a limited partner is a partner in a partnership formed under a state limited partnership law, whose personal liability for partnership debts is limited to the amount of money or other property that the partner contributed or is required to contribute to the partnership.

If the llc is treated like a c corporation, partnership, or s corporation, enter the code letter for that particular entity type. You need this information when completing your individual income tax return. They assume that $400,000 in annual compensation paid for services They also assume that the company makes a 401(k) matching contribution of $15,900 and that the company makes a $20,000 health insurance premium payment for