Blinky the 3-eyed Fish Posted August 25, 2005 Posted August 25, 2005 For what? A limited or general partner in crime? No, a plan is an inanimate object that is incapable of committing a crime. (That last comment was WDIK's fault.) Anyway, sure a plan can be an investor in a limited partnership, which I suppose makes it a partner. Be wary of UBTI though. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
KJohnson Posted August 25, 2005 Posted August 25, 2005 And look out for "look through" rules regarding plan assets where the assets of the partnership may be considered assets of the plan and you would need heightened awareness of PT issues.
QDROphile Posted August 25, 2005 Posted August 25, 2005 Consider that a general partner may have unlimited liability. Sounds inappropriate.
Alf Posted August 25, 2005 Posted August 25, 2005 We always say no to general partner. Boy, how do the plan asset determinations like operating companies, VCOCs, REOCs apply to partnerships? Do you just have to keep benefit plan investors below 25%?
k man Posted August 29, 2005 Author Posted August 29, 2005 i was thinking no to general partner but limited i thought maybe. i appreciate your responses.
Kirk Maldonado Posted August 31, 2005 Posted August 31, 2005 Watch out for UBTI problems. Kirk Maldonado
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