Page 252 - The TEFRA Partnership Audit Rules Repeal:

ALI CLE Live Video Webcast / “The TEFRA Partnership Audit Rules Repeal: Partnership and Partner Impacts” June 7, 2016, Jerald David August and Terence Floyd Cuff
 What is cause?
 The partnership agreement might have other provisions related to the partnership representative. These might include provisions addressing these issues:
 The partnership agreement might specify other qualifications of the partnership representative.
 What are the limitations of powers of the partnership representative?
 Is the partnership representative subject to directions from the partnership? Whose direction is the partnership representative subject to?
 What is the compensation of the partnership representative?
 What expenses can the partnership representative incur?
 What limitations are placed on the expenses of the partnership representative?
 What is the standard of conduct that the partnership representative is subject to?
 What are the indemnification provisions for the partnership representative?
 What are the defense provisions for the partnership representative?
 Do the partners waive the ability to sue the partnership representative?
 What notices from the partnership representative is partnership management entitled to receive?
 What notices from the partnership representative are the partners entitled to receive?
 What agreements will the partnership representative be entitled to make on behalf of the partnership?
 Are these agreements subject to prior ratification by the partnership?
© Terence Floyd Cuff and Jerald David August, 2016
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