The heirs of a general partner have no rights to the partnership business but are entitled to the value of the deceased partner's share in partnership assets. Limited partnership interests may be inherited. Syndicates A syndicate consists of two or more people who join together to make an investment. A syndicate is generally a limited partnership, but could be organized as a general partnership. A syndicate investment where the investment property has not yet been selected is known as a blind trust .
Syndicates are subject to state regulations.
Corporations A corporation is an artificial entity established under state law. Shareholders in the corporation have no personal liability. Corporate profits are taxed, as are dividends received by the stockholders. Corporations can raise capital by selling stock shares in the ownership of the company. In dealing with a corporation, a real estate agent should study the bylaws to determine who has authority to act on behalf of the company.