The Bronx Manhattan North Association of Realtors was founded in 1924, but its roots go back further. In 1825, there was the Real Estate Exchange with offices on Wall St. Brokers in New York City exchanged listings…
Partnerships hold significant assets in multi member LLC ownership structures. Like any taxpayer, a partnership (and a limited liability company taxed as a partnership) can engage in a like-kind exchange under IRC Section 1031 to defer paying tax on capital gains.