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Tag Archives: Family Limited Partnership

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What You Need to Know About a Family Limited Partnership

By David Toback |

A family limited partnership or FLP is controlled by members of the family, and like other types of limited partnerships, an FLP has two types of partners: general and limited. General partners control investment decisions and control management. They also bear 100 percent of the partnership’s liability (although an FLP can make an election… Read More »

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