"I want a partnership share in control of Earth.

So a particular son might inherit the partnership share.

Even without a corporate general partner, risk can be spread by distribution of limited partnership shares.

In the '90s, Norway changed its tax laws, and the partnership shares plummeted.

Crenshaw snorted "What does that do to our partnership shares?"

"Considering that you might have to move slightly more quickly," Clayton said, "we would be willing to alter our partnership share price."

Chance was forced out of the firm, undoubtedly with a generous buy-out package for his partnership share.

Another issue is the valuation of partnership shares.

Billing at $350 per hour including travel, plus his partnership share of the associate's time, he would be thrilled if it lasted all week.

The deal consists of about $1.5 billion in cash and 40.8 million newly issued limited partnership shares of Alliance.

The company can give employees up to 2 Matching Shares for each Partnership Share they buy.

Times Publishing agreed to purchase immediately an undisclosed portion of the partnership shares for an undisclosed price.

The theory is simple: Partners can swap property tax-free into a partnership in exchange for partnership shares.

Some employers offer their employees the opportunity to buy, from their gross pay, partnership shares in the business under a Share Incentive Plan.

Dr. Scholes confirmed that he had, but that it had been paid in extra partnership shares, not cash.

After Bier complained about not receiving his partnership share from Manson he was ejected from the band.

On the other hand, said Mr. Donaldson, selling partnership shares this year may create income and relieve investors of liability under the alternative minimum tax.

Partnership Shares will be free of Income Tax and National Insurance at the date of purchase.

Twelve of the 23 limited partnership shares were needed to accept Harrington's recommendation, but all shares were voted for the Henry group.

Within months the sales force became known as the most sophisticated and smoothest in the industry, placing $35 million worth of partnership shares each month with wealthy investors.

"Those partnership shares can be converted to shares of the REIT, again triggering no tax," he said.

Anheuser-Busch, which owns Busch Stadium, where its baseball team plays, already holds $1 million worth of limited partnership shares in the Blues.

If buying partnership shares brings your deductible earnings below the LEL, this will reduce your entitlement to these benefits.

This will be accomplished, people familiar with the deal said, by converting the Cantors' general partnership shares into two categories of limited partnership shares.

In return, Simon would pay Equitable $700 million in cash and $300 million in Simon Property stock and limited partnership shares.