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The Hapsburgs Dynasty

You Do Not Need to Be a Hapsburg to Set Up A Family Limited Partnership

 

Written by: Steven J. Fromm, J.D., LL.M. (Taxation)

 
Careful planning is required to set up the family limited partnership (FLP) so it meets the goals of the family.  The FLP needs to be formed in compliance with the laws of the state where it will operate.  After formation it is imperative that it operate in conformity with the various legal and tax laws to ensure its success at achieving its tax and financial goals.  

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