The Family Limited Partnership Deskbook: Forming and Funding FLPs and Other Closely Held Business EntitiesAmerican Bar Association, 2007 - 328 lappuses Forming and funding a family limited partnership or limited liability company is both increasingly common and complicated. This current, comprehensive reference provides in-depth analysis of all facets of using these planning vehicles. It begins with detailed guidance on the basic principles of drafting, forming, funding, and valuing an FLP or LLC, but also covers advanced income tax concerns. Added tools include examples and extensive sample forms on CD-ROM. |
Saturs
Family Limited Partnerships | xv |
B WHY USE AN FLPSIGNIFICANCE IN ESTATE PLANNING | 1 |
4 Use of Family Limited Partnerships | 4 |
Family Limited Partnership Basics | 7 |
B VALUATIONS | 12 |
Substantiating Discounts and Reporting Requirements | 27 |
B ACCURACYRELATED PENALTIES | 30 |
C BURDEN OF PROOF | 31 |
D LIABILITIES | 59 |
2 Transfer of Partnership Interests | 63 |
F OTHER CONSEQUENCES THAT RESULT FROM THE TRANSFER OF A PARTNERSHIP INTEREST | 71 |
Using the Basic Technique | 77 |
B THE APPROPRIATE ASSETS | 98 |
Forming and Maintaining the Entity | 109 |
B CONTRIBUTING ASSETS | 119 |
C FORMING AND MAINTAINING THE FLP | 124 |
D OTHER CONSIDERATIONS | 32 |
Taxation of Partnerships Basics | 35 |
B PASSTHROUGH TAX TREATMENT AND ALLOCATIONS | 44 |
C DISTRIBUTIONS | 49 |
Drafting the Operating Agreement or Partnership Agreement | 139 |
B DRAFTING FOR DISCOUNTS | 142 |
C OTHER DRAFTING CONCERNS AND CONSIDERATIONS | 154 |
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The Family Limited Partnership Deskbook: Forming and Funding FLPs and Other ... David T. Lewis,Andrea C. Chomakos Ierobežota priekšskatīšana - 2007 |
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