Family Limited Partnerships and Other Family Business Entities
Increasingly, American families tend to hold much of their wealth through some form of family business entity. Such entities can take the form of S corporations, family partnerships, limited liability companies, or other types of business entities. The use of these entities allows for a variety of benefits, including centralized management of family wealth, increased investment opportunities (because the amount of the combined assets involved increases available opportunities), greater economic efficiencies, and even asset protection. Additionally, however, use of such entities may result in potential tax savings, because of the increased opportunities afforded for lifetime gifts to younger family members. Our attorneys are well versed in all of the latest techniques for structuring family business entities to achieve these and other goals.
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Attorneys / Family Limited Partnerships and Other Family Business Entities