“Limited partnerships are BS. Do you set up limited partnerships?”

No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.