Spring/Summer 1983, Vol 8, No 1

Abstract: Limited partnerships, which combine liability exposure limitation and an ability to fully flow through tax shelters, have been a preferred ownership form for real estate investors for a long time. The new S Corporation, which combines the attributes of a corporation and a partnership’s ability to flow through tax shelters, may be attractive to certain investors. Both the advantages and disadvantages of the new S Corporation are presented and are compared to those of the limited partnership.