Sub S and individual as a partnership?

[Karen Lee]

I can't think clearly enough to figure this out. Can a Sub S Corp and an individual form a partnership? Doesn't seem right to me.

Karen :wacko:

[Lion EA]

I think so. Don't think a partnership can be a shareholder in a Sub S Corp, but think a Sub S Corp can be a partner in a partnership. Someone who's researched this recently will jump in.

[Maribeth]

I think so. Don't think a partnership can be a shareholder in a Sub S Corp, but think a Sub S Corp can be a partner in a partnership. Someone who's researched this recently will jump in.

Yes, an S corporation can be a partner in a partnership, along with an individual. I see this a lot with my contractors.

Maribeth

[Terry D EA]

Yep, a Sub-S corp can be in a partnership along with an individual.