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Structuring the Right Entity |
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Due to the continued bite of the Texas franchise tax, limited partnerships are the favored vehicles for real estate activity in Texas. Our real estate attorneys are experts in structuring partnerships, assisted by the firm's tax attorneys who help lower income and franchise taxes on real estate investment, operation and disposition, including capital gains treatment. Limited liability companies continue to play an important role as general partners in many of these limited partnerships. We have recently converted several corporations to limited partnerships to avoid the Texas franchise tax.
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