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Question about changing general partner
Hi all,

My club wants to change the person who is designated as our general partner both for the the IRS and our broker. Any idea how complicated that is to do with the IRS? Any advice?

Thanks,
Jim Hight
For clarity, aren't all the members of your club general partners rather than a general partner and limited partners?

I believe you are asking how to change the person that is the contact between the club and the IRS, correct?

mark Eckman

On Wed, May 31, 2017 at 1:10 PM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Hi all,

My club wants to change the person who is designated as our general partner both for the the IRS and our broker. Any idea how complicated that is to do with the IRS? Any advice?

Thanks,
Jim Hight

Yes, we are a gen'l partnership, although the IRS letter re: our EIN has my name below the club's name, followed by "GEN PTR"
Jim

On May 31, 2017, at 11:29 AM, Mark Eckman via bivio.com <user*24054700001@bivio.com> wrote:

For clarity, aren't all the members of your club general partners rather than a general partner and limited partners? 

I believe you are asking how to change the person that is the contact between the club and the IRS, correct? 

mark Eckman

On Wed, May 31, 2017 at 1:10 PM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Hi all,

My club wants to change the person who is designated as our general partner both for the the IRS and our broker. Any idea how complicated that is to do with the IRS? Any advice?

Thanks,
Jim Hight


So you are asking how to change the contact person for the IRS and broker? Everyone in your club is a general partner.

On Wed, May 31, 2017 at 11:54 AM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Yes, we are a gen'l partnership, although the IRS letter re: our EIN has my name below the club's name, followed by "GEN PTR"
Jim

On May 31, 2017, at 11:29 AM, Mark Eckman via bivio.com <user*24054700001@bivio.com> wrote:

For clarity, aren't all the members of your club general partners rather than a general partner and limited partners?

I believe you are asking how to change the person that is the contact between the club and the IRS, correct?

mark Eckman

On Wed, May 31, 2017 at 1:10 PM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Hi all,

My club wants to change the person who is designated as our general partner both for the the IRS and our broker. Any idea how complicated that is to do with the IRS? Any advice?

Thanks,
Jim Hight



Change the contact person at IRS

On May 31, 2017, at 12:37 PM, John Rice via bivio.com <user*24380400001@bivio.com> wrote:

So you are asking how to change the contact person for the IRS and broker? Everyone in your club is a general partner.

On Wed, May 31, 2017 at 11:54 AM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Yes, we are a gen'l partnership, although the IRS letter re: our EIN has my name below the club's name, followed by "GEN PTR"
Jim

On May 31, 2017, at 11:29 AM, Mark Eckman via bivio.com <user*24054700001@bivio.com> wrote:

For clarity, aren't all the members of your club general partners rather than a general partner and limited partners? 

I believe you are asking how to change the person that is the contact between the club and the IRS, correct? 

mark Eckman

On Wed, May 31, 2017 at 1:10 PM, Jim Hight via bivio.com <user*36049100001@bivio.com> wrote:
Hi all,

My club wants to change the person who is designated as our general partner both for the the IRS and our broker. Any idea how complicated that is to do with the IRS? Any advice?

Thanks,
Jim Hight




Googled your question on irs.gov. Here is the publication:


Lynn O.