Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148888)	7/29/2002 2:41:18 PM
From: i-node	Read Replies (1) \| Respond to of 1575065

And suddenly now, you are a CPA specializing in real estate transactions. First you were in software, then accounting in general and now you specialize in real estate........maybe we need to see your resume to discern fact from fiction. I am a CPA who practiced for 12 years in Dallas, Texas, dealing particularly (but not exclusively) with real estate. I also happen to be a software engineer. When I sold my practice in Texas, I started a software company and now do software engineering only. At the time of my brother's untimely death, I took over his CPA practice in Arkansas for about 4 years. Nothing unusual about that; I just happen to work in several diciplines. I NEVER audited Real Estate Limited partnerships; just set them up and did the tax work. Nothing unusual about that, either. The term "liability", so far as limited partnerships are concerned, does not mean "servicing debt". A "liability" is, simply, an amount owed by the partnership. A partner may or may not be "liable" for partnership liablities, depending on the type of parter and the type of debt. "Liability Exposure" is what you were thinking about [apparently] and has to do with the potential for a partner to have to pay debts of the partnership. That's about it. End of discussion, for me at least. If you need anything further, I'll be glad to fill you in at my standard hourly rate.