Family Limited Partnership
id:
family-limited-partnership-245-459539
title:
Family Limited Partnership
text:
Within partnership arrangements, Family Limited Partnerships are frequently used to move wealth from one generation to another. Partners are either General Partners (GP) or Limited Partners (LP). One or more General Partners are responsible for managing the FLP and its assets. Limited Partners have an economic interest in the FLP, but typically lack two noteworthy rights: control and marketability. Limited Partners have no ability to control, direct, or otherwise influence the operations of the
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Family_Limited_Partnership
date created:
date modified:
2022-06-03T06:12:59Z
main entity:
{"identifier":"Q5433177","url":"https://www.wikidata.org/entity/Q5433177"}
image:
fields total:
13
integrity:
13