How to sign Form 1065

Apr 05, 2007 2 Replies

How should this Form 1065 be signed? The filer is a limited partnership, the general partner of which is a corporation whose president is a limited partner of the partnership. Form 1065 indicates it should be signed by a General Partner. Should it be signed: XYZ, Corp. by John Doe, President



or should it just be signed by John Doe (who is a limited partner) or should it be signed some other way?




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Yes, I think that's probably the best way.

If you aren't already aware, having a corporation as sole general partners of an LP can be problematic, particularly if the corporation was set up for that specific purpose. If it would result in higher taxes the IRS could try to require the LP be taxed as a corporation rather than a partnership - I've seen them do it. That's the reason LLCs were created - to avoid that problem. Stu

It should be signed by an officer of the general partner shareholder in the signer's role as officer.

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