An article prepared by Paul Rushton, the Chair of the Firm’s Business & Finance Department, was recently published in the Times Leader 2018 Attorney Guide. The article, titled “No More Excuses – Changes to Pennsylvania Associations Code and Realty Transfer Tax Rules Eliminate Justifications for Continued Ownership of Real Estate through General Partnerships”, outlines the reasons why general partners should consider the conversion of their real estate holding general partnerships into a limited liability entity. Paul’s article previously appeared in a Pennsylvania Bar Association Business Law Section newsletter.
Please contact Paul if you have any questions about this subject. Paul’s contact information can be found here.