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Happy New Year! It’s All in the Family Time. The Family Business: Partnership and LLC Tax Issues

January 03, 2023

Family limited partnerships (FLP) and family limited liability companies (FLLC) offer unique tax issues. If your client is contemplating creating an FLP or FLLC, this practice note will assist you in reviewing the family partnership rules, the role of children as partners, and estate planning issues that arise. 

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