The Family Limited Partnership Deskbook

The Family Limited Partnership Deskbook PDF Author: David T. Lewis
Publisher: American Bar Association
ISBN: 9781590318171
Category : Business & Economics
Languages : en
Pages : 350

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Book Description
Forming and funding a family limited partnership or limited liability company is both increasingly common and complicated. This current, comprehensive reference provides in-depth analysis of all facets of using these planning vehicles. It begins with detailed guidance on the basic principles of drafting, forming, funding, and valuing an FLP or LLC, but also covers advanced income tax concerns. Added tools include examples and extensive sample forms on CD-ROM.

The Family Limited Partnership Deskbook

The Family Limited Partnership Deskbook PDF Author: David T. Lewis
Publisher: American Bar Association
ISBN: 9781590318171
Category : Business & Economics
Languages : en
Pages : 350

Get Book Here

Book Description
Forming and funding a family limited partnership or limited liability company is both increasingly common and complicated. This current, comprehensive reference provides in-depth analysis of all facets of using these planning vehicles. It begins with detailed guidance on the basic principles of drafting, forming, funding, and valuing an FLP or LLC, but also covers advanced income tax concerns. Added tools include examples and extensive sample forms on CD-ROM.

Family Limited Partnership

Family Limited Partnership PDF Author: Karen Ann Rolcik
Publisher: Sphinx Publishing
ISBN: 9781572482548
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
Currently, Family Limited Partnerships (FLPs) are the last, best way for individuals to protect their assets from the high burden of estate taxes and from today's litigious society. Historically, FLPs in every state have thwarted the attempts of creditors to seize individual's assets. Thus, family inheritances and businesses can be protected and passed on to future generations.A glossary, thorough index, sample filled-in forms, sample cases and blank tear-out forms make this new title accessible for any consumer.

An Estate Planner's Guide to Family Business Entities

An Estate Planner's Guide to Family Business Entities PDF Author: Louis A. Mezzullo
Publisher:
ISBN: 9781641056540
Category : Estate planning
Languages : en
Pages :

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Book Description
"This fourth edition to An Estate Planner's Guide to Family Business Entities brings the second edition current through December 1, 2019 and is designed for the estate planner who is considering the most appropriate way to achieve his or her client's goal of transferring wealth to younger family members. Although it covers both tax and nontax considerations, its major emphasis is on the tax considerations, covering choosing the business entity and comparing the various entities that are available; highlighting recent developments concerning choice of entity; covering the application of the special valuation rules and other transfer tax issues, as well as the use of a grantor retained annuity trust to reduce the value of the gift when transferring an interest in a family-held entity, are discussed"--

Family Limited Partnership Formation

Family Limited Partnership Formation PDF Author: Mitchell M. Gans
Publisher:
ISBN:
Category :
Languages : en
Pages : 17

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Book Description
The IRS has invoked two gift-tax weapons in its attack on family limited partnerships: the gift-on-formation and indirect-gift arguments. While the former argument has thus far not enjoyed any success in the courts, the latter argument has been embraced by the Tax Court and the Eleventh Circuit in Shepherd and by the Eighth Circuit in Senda. Until the Eighth Circuit decision in Senda, taxpayers were able to navigate easily the indirect-gift argument by properly: sequencing the formation of the partnership and the gift of the partnership interest; or reflecting in the parent's capital account his or her contribution to the partnership. The Eighth Circuit has, however, in dicta, suggested that the indirect-gift argument can be applied in conjunction with the step transaction doctrine in order to deny discount. This article explores the partnership-formation process in light of Senda and the Eleventh Circuit's contrary dicta in Shepherd.

Family Limited Partnership Agreements Line by Line

Family Limited Partnership Agreements Line by Line PDF Author: Brad Galbraith
Publisher:
ISBN: 9780314279330
Category : Family partnership
Languages : en
Pages : 0

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Book Description
Written by an attorney whose practice focuses on the estate and tax planning needs of high net worth families, Family Limited Partnership Agreements Line by Line is a comprehensive examination of the contract provisions that make family limited partnerships such a powerful tax planning and asset protection tool. This publication includes in-depth explanations of the reasoning behind the various provisions in the agreementthose that are crucial to the general partner, as well as those that simply make operations more predictable and efficient for all partners. The book covers such key topics as entity creation, ownership interests, capital contributions and capital accounts, allocations and distributions, entity management, transfers of general partner and limited partner interests, and dispute resolution. Family Limited Partnership Agreements Line by Line is a valuable resource for anyone who works with business owners and high net worth families, as well as those individuals who are interested in capitalizing on family limited partnership planning opportunities. This book contains a CD-Rom that features the PDF and Word versions of the final text of the book, which enables readers to manipulate the contract.

Family Limited Partnerships & Limited Liability Companies in Estate Planning

Family Limited Partnerships & Limited Liability Companies in Estate Planning PDF Author:
Publisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 288

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Book Description


How to Use Limited Liability Companies and Limited Partnerships

How to Use Limited Liability Companies and Limited Partnerships PDF Author: Garrett Sutton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
"Designed for entrepreneurs and individuals interested in starting their own business, this book provides an indepth study of how the special characteristics of limited partnerships and limited liability companies may be used to your advantage and to assist you in protecting assets, managing wealth and strategic estate planning to minimize taxes. It features strategic uses of limited liability companies and limited partnerships to hold real estate and other assets, how to easily manage and operate a limited liability company or limited partnership, how to creatively plan for your future and your family's future, and how to follow the rules to keep your assets protected."--Publisher description.

Prototype Limited Liability Partnership Agreement

Prototype Limited Liability Partnership Agreement PDF Author: American Bar Association. Committee on Partnerships and Unincorporated Business Organizations
Publisher: American Bar Association
ISBN: 9781590312032
Category : Law
Languages : en
Pages : 162

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Book Description
The Uniform Partnership Act (1997) (RUPA) is a far-reaching revision and modernization of the law of partnerships. This prototype agreement explores how a partnership agreement can be crafted to the new environment.

Charlie's Entrepreneurial Journey

Charlie's Entrepreneurial Journey PDF Author: Lawrence J Spiegel
Publisher:
ISBN: 9780595395682
Category : Business planning
Languages : en
Pages : 0

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Book Description
Then Frank said something that changed my life-one of the first things he'd said in years that truly made sense to me. "Maybe you should start your own business, Chuck." He shrugged his shoulders and toyed with the closely shaved hair at his temples, the only hair remaining on his otherwise balding skull. "You're sharp, a great writer, great creative guy. You've led teams here a number of times and people seem to like you." My dread turned to confusion, even mild irritation. "Start my own business? How? I don't have any real savings, I don't manufacture anything, I don't know the first thing about running a company " I stopped as Frank put up his hand to interrupt. "Your greatest adversary is the man in the mirror." What Charlie didn't realize as he was losing his job was the amazing opportunity ahead of him. His time was now! Charlie had always dreamed of running his own business, being his own boss, and finally getting paid for his effort. In the following months Charlie built his business foundation from the ground up. Marketing, accounting, manufacturing, franchising and financing are just some of the topics Charlie tackles in his pursuit of the perfect business plan. Join Charlie on his journey of selecting a business and learn how his principles can help you in selecting your business. Now, it's my turn to challenge you-what's keeping you from starting your own business? Fear of failure? A lack of funds? No expertise? Let me tell you YOUR TIME IS NOW!

Asset Protection for Physicians and High-Risk Business Owners

Asset Protection for Physicians and High-Risk Business Owners PDF Author: Robert J. Mintz
Publisher: Robert J Mintz
ISBN: 0963997122
Category : Law
Languages : en
Pages : 256

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Book Description
Attorney Mintz describes the latest strategies for insulating and shielding assets from potential lawsuit liability. Detailed examples, diagrams, and real life case studies are provided for using Family Limited Partnerships, Limited Liability Companies, Asset Protection Trusts, and creative privacy plans.