A viable variation of a Family Limited Partnership is what I characterize as a FLIP or formally, a Family Life Insurance Partnership. So exactly how would this work? Previously we discussed using Life Insurance as the most affordable way to...
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Advantages Of Family Partnerships
The Family Partnership represents one unique way you can transfer your business within your family. Accordingly there are several advantages in doing this. Let's briefly discuss the most prominent advantages. First, it is an excellent way to reduce your...
It’s a Family Affair
Often when the topic of planning for the future of one's business comes up, the business owner strongly favors passing on the business to family members; specifically children or even grandchildren. One technique that is widely popular and helps achieve...