Meaning Family Limited Partnership
What does Family Limited Partnership mean? Here you find 3 meanings of the word Family Limited Partnership. You can also add a definition of Family Limited Partnership yourself
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Family Limited PartnershipA type of partnership comprising only related family members, usually created by parents in order to pass on a family business or investments to their childern. It provides significant federal gift an [..]
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Family Limited PartnershipA family limited partnership is a traditional limited partnership where all the partners are family members. In a family situation, the parents put their assets into the partnership. Initially, the pa [..]
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Family Limited PartnershipA partnership of family members that helps arrange for generational transfers of wealth or a business, maintain control within the general partners and reduce potential liability to the transferor and [..]
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