Partnership Tax Benefits?

What classifies a partnership?
I heard on the radio a CPA talking about including the technicality of being in a partnership with someone (anyone really, even just a name, if you let them know) and gaining tax benefits... what are these benefits, and how can i get into a 'partnership' (fictional agreement really... just for tax benefits) legally to gain these benefits?

Comments(1)

  • rmontre22nd July, 2003

    Right now, I am researching similar issues for our company. Are you already a corporation or an established business entity? If so, you can become a partner with your legally established business.

    (Anyone with superior experience than my newbie experience, please feel free to chime in!)

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