Family Limited Partnerships/Companies (FLP/FLLCs)

Family Limited Partnership (FLP)/Family Limited Liability Company (FLLC) is a corporate structure, whereby family members contribute assets in exchange for an ownership interest in the FLP/FLLC and is often used to centralize management of family assets as well as to simplify transfers of such assets between family members.

Disclaimer: Material presented on the Pabian & Russell, LLC website is intended for information purposes only. It is not intended as professional advice and should not be construed as such.