Here is a response to your questions:
1. The partnership owned a business which was run by an LLC. The partnership was me and my husband.
2. 15 years
3. The partnership was formed in order to do business. We invested capital in the LLC.
4. An accountant filed a tax return yearly for the LLC.
5. The accounts and tools were sold to a third party and the LLC had no other assets. Everything, including liabilities, was transferred to the partners and the LLC filed its final tax return.
