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How You and Your Family Can Take Advantage of a Limited Partnership

How You and Your Family Can Take Advantage of a Limited Partnership

Business and family are often intermixed. In some cases, it might make sense to make this relationship a legal formality. Family members, like anyone else, can create a partnership to manage their savings and assets. In the world of business law this is referred to as a Family Limited Partnership (FLP). Find out how you can incorporate this type of business entity into your overall estate planning process.