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Family Limited Partnerships: Critical Failures & Mistakespage item

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What Not To Do with Family Limited Partnerships

Family Limited Partnership:  Why Don't You Do Right?

 

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

The planning and formation stage is just part of the process of having a successfully implemented family limited partnership (FLP).  Attention to operational details and other factors or mistakes can invalidate the tax advantages of this vehicle.  Here are some pitfalls to avoid:  

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