Is a Family Limited Partnership right for my business?

If you plan to pass the business down to the next generation it is really never too soon to get started.One popular way to do so is to create a Family Limited Partnership (FLP). An FLP allows you to transfer your legal interest in the business to the next generation slowly, over time, while maintaining control over the day to day management of the operation until such time as you are ready to retire. Along with providing a slow transition of ownership, you may be able to gain tax advantages by using an FLP to transfer interest in your business to future generations.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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