For some time, the incorporation of partnerships has been governed largely by Rev. Proc. 84-1111 which has provided that a partnership can be incorporated under any one of three alternative methods. Each method has been accompanied by unique income tax consequences.2
Harl, Neil E.
"Incorporating a Partnership,"
Agricultural Law Digest: Vol. 15
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol15/iss23/1