ncial transactions. 27 EFTA00506052 FLPs may enable you to minimize transfer taxes while maintaining some degree of control over assets What is a Family Limited Partnership (FLP)? • An FLP is a limited partnership that holds the investment property contributed by its members • An FLP has two types of partner: — the Ge

• Formation of the Family Limited Partnership • Income Statement of Family Limited Partnership • Benefits of Family Partnership • Disadvantages of a Family Limited Partnership ' This was presented using a C Corp as the structure nerve center, but is also amicable to the LLC nerve center model WTAS 2 EFTA00585217 Objec