Epstein Secrets

ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and

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

ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and

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

ain, loss and deduction shall be allocated for Federal, state and local income tax purposes among the Partners proportionately to the allocation of Net Profit and Net Loss among the Partners. Notwithstanding the foregoing, solely for Federal, state and local income tax purposes, in accordance with Sections 704(b) and

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