Epstein Secrets

twithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and 704(c) of the Code and the Treasury Regulations promulgated thereunder, income, gain, loss and deduction with respect to property contributed to the Partnership by a Partner shall be allocated am

n writing that, in their opinion, such Limited Partner lacks sufficient understanding or capacity to make and communicate decisions concerning such Limited Partner's Partnership Interests in the Partnership. 8.7 Other Interests. The Partners may engage in or possess interests in other business ventures of every nature and descriptio

twithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and 704(c) of the Code and the Treasury Regulations promulgated thereunder, income, gain, loss and deduction with respect to property contributed to the Partnership by a Partner shall be allocated am

n writing that, in their opinion, such Limited Partner lacks sufficient understanding or capacity to make and communicate decisions concerning such Limited Partner's Partnership Interests in the Partnership. 8.7 Other Interests. The Partners may engage in or possess interests in other business ventures of every nature and descriptio

twithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and 704(c) of the Code and the Treasury Regulations promulgated thereunder, income, gain, loss and deduction with respect to property contributed to the Partnership by a Partner shall be allocated am

n writing that, in their opinion, such Limited Partner lacks sufficient understanding or capacity to make and communicate decisions concerning such Limited Partner's Partnership Interests in the Partnership. 8.7 Other Interests. The Partners may engage in or possess interests in other business ventures of every nature and descriptio